Analyst Chen Shu: When will the market pull back to relieve positions after the continuous rise on October 6? Midnight market analysis / with trading strategy
Market Analysis: Bitcoin's daily line has once again closed in the green, with prices maintaining a high-level fluctuation. From the chart, there is a probability of a short-term upward breakthrough at 12.58. The only indicator to focus on is the MA5/10 daily moving average on the 1/4 hour level; for Ethereum, the intraday high reached around 4700, and it is about to test the 4750 high. Pay attention to the breakout situation in the 4700-4750 price range, with support levels focusing on the 4-hour MA5/10 daily moving average.
Trading Strategy (Published at: 00:00):
BTC: Long at 12.4/12.3, target at 12.5/12.6; short positions should wait for opportunities above 12.6.
ETH: Long at 4630/4560, target at 4700/4750; short positions can be considered at the 4750 level.
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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