Analyst Chen Shu: 7.28 Volume Reduction Rise, Short-term Focus on Pressure Breakthrough, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart of Bitcoin, there was a slight increase over the weekend, and yesterday it closed with a small bullish candle, with the price standing above the MA5/10 moving averages. The short-term support to watch is the 11.85 line; the loss or gain of this level is crucial. The resistance levels to focus on are 120,000/121,000. Looking at the 1-hour chart, the current price has risen to the 111.98 line and has started to stagnate. The key support below is the MA256 daily moving average at the 11.82 line. If it retraces to 11.82 and does not break, the short-term support will be confirmed, and it will rebound again; otherwise, it will continue to fluctuate and adjust.

From the daily chart of Ethereum, yesterday it closed with a bullish candle, and the price is above the MA5/10 moving averages. The short-term support to watch is at the 3780/3740 line. On the 4-hour chart, the current key short-term support is at the intersection of the MA30/60 moving averages, which is at the 3700 line. If this line does not break during the pullback, the short-term bullish trend will not end. Currently, there is a volume reduction in the rise, so pay attention to whether the pullback will break below the two support levels of 3800/3700. Midday trading strategy (writing time: 12:30):

BTC: Short at 120,000, add to short at 121,000, target 11,85/11,75; Long at 11,82/11,75, looking for a rebound of about 2-3000 points.

ETH: Short at 3880, add to short at 3930, target 3800/3700; Long at 3700/3660, looking for a rebound of 5-80 points.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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