Analyst Chen Shu: Focus on the breakout direction during the 9.16 range fluctuations, midday analysis and strategy for Bitcoin and Ethereum

From the daily chart of Bitcoin, the price slightly pierced the MA60 moving average yesterday and then retracted. The support to watch during the day is around 11.5, which can serve as a short-term boundary for long and short positions. On the 4-hour chart, the lower support level is the MA256 moving average at around 11.4, while the resistance level refers to the high point of yesterday's rebound at around 11.67. First, focus on the breakout direction of this range, and for the short term, view it as a fluctuating market.

From the daily chart of Ethereum, the price has seen three consecutive bearish candles and is about to reach the MA30 moving average support at around 4440. Pay attention to the effectiveness of this support level during the day. On the 1-hour level, the fluctuations are narrowing, with the lower support at the MA256 moving average at 4440. Similarly, view it as a fluctuating market in the short term.

Midday trading strategy (written at 14:30):

BTC: Short at 11.67, add to short at 11.75 on rebound, target 11.55/11.45; look for a 1-2000 point rebound at the lower levels of 11.4/11.3.

ETH: Short at 4580, add to short at 4650 on pullback, target 4500/4450; look for a 6-100 point rebound at the lower levels of 4430/4360.

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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