Analyst Chen Shu: 8. Long positions target the resistance level of 116,000, midnight market analysis / accompanying trading strategy

Market Analysis: The daily chart for Bitcoin has once again closed with a bullish candle. The focus is on the breakthrough and stability above the MA30 moving average at 116,300. If it breaks through and stabilizes above this level, the short-term weak market will end, and it will return to a larger range of fluctuations. The support level to watch is whether it can maintain stability above 115,000. For Ethereum, the daily chart has closed with a large bullish candle today, with prices approaching the resistance level of 3,700. The next target is the resistance at 3,770. On the 4-hour chart, the short-term price is currently at the MA60 moving average resistance area around 3,700, so pay attention to the pressure at this level.

Trading Strategy (Published at 0:30):

BTC: Buy at 11.47, add to long positions at 11.43, target 11.6 ETH: Buy at 3,630, add to long positions at 3,600, target 3,700/3,730

The daily analysis strategy has a very high win rate! Analysis is not easy, so 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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