Analyst Chen Shu: 10.21 Weak Trend Fluctuations Continue to Look Downward, Bitcoin and Ethereum Trend Analysis

From the daily chart of Bitcoin, after rebounding above 110,000, it began to pull back. The daily line has currently rebounded above the MA5/10 moving averages and is starting to pull back down. If it continues to maintain a weak pullback, it will test the MA256 daily moving average support at 10.36 again. On the hourly level, the price rebounded and tested the MA256 daily moving average in the past few days but faced clear downward pressure. The key short-term resistance to watch is at 11.06. Until it breaks and stabilizes above this level, it should continue to be treated as a weak fluctuation.

From the daily chart of Ethereum, the short-term fluctuation range is gradually narrowing, forming a triangular convergence area. The support below is focused on the MA120 daily moving average at 3890. It is important to see if this level is completely lost; if it is lost, a weak market will begin. On the hourly level, after briefly crossing above the MA256 daily moving average, it has started to slide down. The key resistance level to watch in the short term is at 3960.

Midday Operation Strategy (Written at: 14:30):

BTC: Buy at 10.7, add to long at 10.6 on pullback, target 10.8/10.9; above 10.95/11.05, look for a short with a 1-2000 point pullback.

ETH: Buy at 3805, add to long at 3700 on pullback, target 3850/3880; above 3930/4000, look for a short with a 6-100 point rebound.

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 a message below for discussion; I will reply to each one.

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