Analyst Chen Shu: 11.28 Bitcoin and Ethereum trading volume decreases with narrow fluctuations, focus on upward breakout

From the daily chart of Bitcoin, the strategy given in yesterday's article suggested going long at 9.05, which was a perfect entry point, resulting in a slight rebound and profit space. The daily chart is currently continuing to show a red rebound upwards, with the resistance level still focusing on the previous drop's starting point at the 9.3-9.4 range. If this level is broken and stabilized, the short-term correction trend will come to an end. Looking at the 4-hour chart, the short-term resistance level to watch is the MA120 daily moving average at around 9.4, while the support level to focus on is the recent low at 9.05. In the short term, a rebound can be anticipated.

From the daily chart of Ethereum, the rebound strength was slightly weaker yesterday, and the price has yet to test the MA256 daily moving average resistance at the 3150 level. The key short-term resistance level to focus on is the breakout situation at this level, while the support level to watch is the 3000 round number. It is expected that the price will test the 3150 level subsequently, and similarly, a rebound testing the 3150 level can be anticipated in the short term.

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

BTC: Long at 9.08, add to long at 8.95 on pullback, target 9.25/9.35; short at 9.35/9.45 looking for a 2-3000 point pullback.

ETH: Long at 3000, add to long at 2950 on pullback, target 3100/3150; short at 3130/3200 looking for a 6-100 point pullback.

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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