Analyst Chen Shu: On August 11, Bitcoin surged again, breaking through, and the midday analysis strategy for Bitcoin and Ethereum.

From the daily chart of Bitcoin, it has recorded two consecutive days of large bullish candles, and the price has completely broken through the descending channel, about to test the historical high of 12.33. Currently, the bullish trend is strong, and the breakthrough happens in an instant. I am optimistic about the price breaking through the historical high, but we need to pay attention to the short-term pullback strength after rising to the 12.33 level. Looking at the 4-hour chart, the overall price has now broken through the previous high point of the consolidation pressure zone. The overall operation suggestion is to buy on the pullback and look for bullish opportunities, with support at 12.1/120,000 below.

From the daily chart of Ethereum, it closed with a small green doji yesterday, and the price has again broken the high, reaching the 4350 level. During the day, we can pay attention to the rebound opportunities after Bitcoin's stagnation. For short-term support, we can focus on the 4-hour MA5/10 moving averages. If a pullback provides an opportunity, we can try to continue buying and looking for bullish trends, with support at 4260/4160 below. Midday operation thoughts (written at 13:30):

BTC: Buy at 12.05, add to the position at 11.88, target 12.33

ETH: Buy at 4260, add to the position at 4170, target 4350/4400

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

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