Analyst Chen Shu: 10.31 Yesterday's strategy achieved significant profits with the monthly line closing, focus on breaking through the resistance level of 11.12 after a rebound from the bottom.

From the daily chart of Bitcoin, the overall trend yesterday was as analyzed in the article, with prices continuing to decline and reaching a low of around 10.6. Currently, during the rebound from the bottom, if it can maintain this, the short-term focus will be on the resistance level at the 1-hour MA256 daily moving average at 11.12. If it can break through and stabilize above this level, the short-term downtrend will end, entering a phase of consolidation. On the daily level, attention should be paid to the breakthrough of the 11.1 resistance level, and it is expected that reaching this level will still face downward pressure.

From the daily chart of Ethereum, it is currently testing the 3650 level for the third time. The 4-hour level has been continuously closing positively, reaching the MA10 daily moving average. The focus is on whether the price can break through and stabilize above this level. The key resistance level on the 1-hour chart is at the MA256 daily moving average at 3950, and this level is crucial for the rebound.

Afternoon trading strategy (writing time: 15:00):

BTC: Short at 11.1, add to short at 11.2 on the rebound, target 10.9/10.8; consider entering long at 10.5/10.4.

ETH: Short at 3920, add to short at 4000 on the rebound, target 3850/3750; consider entering long at 3550/3650.

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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