Analyst Chen Shu: The downtrend broke on September 26, turning bearish and continuing to look for declines. Midday analysis and strategy for Bitcoin and Ethereum.

From the daily chart of Bitcoin, yesterday's daily candle closed with a large bearish line, directly breaking through the MA120 daily moving average support. It is currently below 110,000 and is expected to retest the previous low support at 10,700. On the 4-hour chart, the price has continuously declined after a rebound from the MA256 daily moving average resistance. The support below to watch is 10,700. The intraday pullback target can be judged based on this line of 10,700/10,600 for support, while the resistance level can be referenced at the round number of 110,000.

From the daily chart of Ethereum, yesterday also closed with a large bearish line, with the price breaking below the 4,000 USD mark. The trend has completely turned bearish, with support below to focus on the price range of 3,880-3,800. On the 4-hour level, the short-term rebound resistance to watch is the breakthrough of the MA10 daily moving average. If it breaks through and stabilizes above the 4-hour MA0 daily moving average, caution is needed for a price rebound.

Midday trading strategy (written at 13:30):

BTC: Short at 10.99, add to short at 11.08 on rebound, target 10.9/10.8; look for a 1-2000 point rebound at 10.8/10.7 below.

ETH: Short at 4,000, add to short at 4,080 on rebound, target 3,900/3,800; look for a 6-100 point rebound near 3,880/3,800 below.

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