Analyst Chen Shu: Key rebound position at 12.3 on October 9, midnight market analysis / with trading strategy

Market Analysis: Bitcoin's daily line currently shows a small bullish candle with the price crossing above the MA5 daily moving average. The support below is still looking at the MA10 daily moving average around 120,000. On the hourly level, the short-term resistance level to watch is near the MA120 daily moving average around 12.3-12.33. If it holds, we will continue to look bullish. For Ethereum, the daily line is about to retest the key support level of 4400-4360. If it touches this level in the short term, it can still be considered to go long for a rebound, with a resistance level at 4550.

Trading Strategy (Published at: 23:10):

BTC: Long at 120,000/118,000, target 121,500/122,500; short positions at 12.3/12.4 to look for a pullback.

ETH: Long at 4380/4300, target 4450/4500; short at 4550/4600 to look for a pullback of 8-150 points.

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; I will reply to each one!

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