Analyst Chen Shu: 11.20 Bitcoin and Ethereum strategy profits from yesterday, focus on whether the rebound strength continues or reverses

From the daily chart of Bitcoin, the daily line once again closed with a long lower shadow, showing signs of a stop in the decline. In the short term, it is currently at the daily MA5 moving average. Pay attention to whether the price can continue to rebound and break through, and stabilize above this line. On the 4-hour level, the short-term has continuously rebounded, forming three red K-lines, with the price reaching the MA30 moving average. Focus on the breakthrough situation of this pressure level at 9.35, which is also the high point of yesterday's rebound. If it breaks through and stabilizes, it will continue to look up to 9.5; otherwise, if it cannot break through, it will continue to look for a weak pullback.

From the daily chart of Ethereum, it continues to operate below the MA256 moving average. The high point of yesterday's rebound pressure level continues to focus on this line at 3120. Until there is a strong breakthrough, we will still treat it with a bearish bias. Before the breakthrough, consider a breakout long strategy. The pressure level can refer to the MA120 moving average on the 1-hour level, where previous rebounds have all retraced downwards.

Afternoon operation ideas (writing time: 13:30):

BTC: Long at 9.2, add to long at 9.1 on pullback, target 9.35/9.55; above 9.55/9.65 short, looking for a 1-2000 point pullback.

ETH: Long at 3000, add to long at 2940 on pullback, target 3100; above 3100/3200 short.

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, collect, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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