Analyst Chen Shu: August 28th Fluctuation and Rebound - Focus on Whether It Can Break Through 11.23, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin is experiencing a narrowing fluctuation during the day, maintaining a correction above 110,000. The short-term focus is on whether the price can break through and stabilize above 11.23. Once it breaks through, it will continue to test 11.4 upwards; for Ethereum, it is currently under pressure from the 1-hour MA120 daily moving average and the 4-hour MA30 daily moving average. Pay attention to the upward trend if it breaks through the resistance level, with the resistance level being 4680. If it cannot break through 4680, it will still be treated as a fluctuation.

Trading Strategy (Published at: 00:30):

BTC: Short at 11.22, add to short at 11.3 on rebound, target 110,000/10.9; small stop loss near 10.8/10.9 for a long attempt. ETH: Short at 4670, add to short at 4760 on rebound, target 4560/4500; small stop loss near 4460/4400 for a long attempt.

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 comments below for discussion; I will reply to each one!

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