Analyst Chen Shu: Is the breakthrough of the historical high on October 4 imminent? Continuing to be bullish? Midnight market analysis / with trading strategy attached.

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4 hours ago

Analyst Chen Shu: Is the breakthrough of 10.4 historical high imminent? Midnight market analysis / with trading strategy

Market Analysis: Bitcoin has seen three consecutive daily bullish candles, with the price approaching the historical high of 12.45. The probability of continuing to break above is quite high, but it is important to note the significant selling pressure that may impact the price when reaching 12.45. Ethereum's upward momentum is weaker than Bitcoin's, but there may be opportunities for a catch-up rally later. Resistance levels are at 4650/4730, and similarly, we will look for bullish opportunities and catch-up in the short term.

Trading Strategy (Published at: 01:00):

BTC: Buy at 12.3/12.2, target 12.4/12.5; short positions should wait for opportunities above 12.5.

ETH: Buy at 4520/4450, target 4650/4730; short positions can be considered around 4650/4750.

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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