Analyst Chen Shu: Pay attention to the support and loss at 11.5 after the high rebound on July 30, midnight market analysis / with trading strategy

Market Analysis: The daily line of Bitcoin currently shows an inverted hammer, with the price breaking below the MA5/10-day moving averages. If the decline continues, the next support to watch is the MA30-day moving average at 11.5, which is also the previous low point of the decline. The 4-hour chart has currently broken below the MA120-day moving average at 11.78. If it cannot return above the 11.78-1182 range, it will likely retest the low point at 11.5 in the short term. As for Ethereum, the daily line is once again showing an inverted body candle, with the price currently touching the MA10-day moving average at 3750. Pay attention to the situation at 3750, which is also the support of the MA60-day moving average on the 4-hour chart. In the short term, focus on the effective situation of the MA256-day moving average at 3720 on the 1-hour chart.

Trading Strategy (Published at: 00:30):

BTC: Short at 11.8/11.9, target 11.7/11.6; buy at 11.5 for a rebound of 2-3000 points. ETH: Short at 3780/3850, target 3700/3660; buy at 3680/3600 for a rebound of 60-100 points.

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

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