Analyst Chen Shu: 11.1 Yesterday's strategy continued to profit, with a slowdown in the downward pressure, focus on continuation

From the daily chart of Bitcoin, yesterday closed with a red candlestick with an upper shadow after testing the MA5/10 day moving averages and then retracing. In the short term, this line remains a resistance level to watch. On the hourly level, after testing the MA256 day moving average yesterday, it retraced. The trend is basically as analyzed in the article. In the short term, continue to focus on this line, and if it breaks above 11.12 and stabilizes, we can expect further rebounds; otherwise, this line will continue to serve as a resistance level for further testing of support.

From the daily chart of Ethereum, it has been continuously suppressed by the MA5/10 day moving averages, with weak rebound strength. The key resistance level above is the MA120 day moving average at around 4030, while the support level is at 3660. On the hourly level, also focus on the MA256 day moving average at around 3950, and watch for a breakout in the price range of 3900-3950. The short-term support level is at 3800.

Afternoon trading strategy (writing time: 13:30):

BTC: Treat it as a range of 11.12-10.88 for high selling and low buying on Saturday, with a trend strategy to be provided tomorrow.

ETH: High selling and low buying in the range of 3890-3810.

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 comments below; I will reply to each one.

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