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Analyst Chen Shu: 7.18 Yesterday's strategy was correct, and we continue to be bullish on the intraday pullback. Midday analysis strategy for Bitcoin and Ethereum.
Yesterday midnight's article analysis suggested a short strategy for Bitcoin at 120,000/121,000. The market provided an entry opportunity with a lowest pullback to the 10,900 level, resulting in a profit of 2000 points for the short position.
Bitcoin from the daily chart perspective, yesterday formed a red doji with the price still maintaining above the MA5 moving average, while the lower support continues to focus on the MA10 moving average at 11.77, as well as the MA5 moving average at 11.92. Looking at the 4-hour chart, the short-term is basically maintaining above the MA30 moving average at 11.88; the short-term support focuses on this support line. As long as this line is not broken, the bullish outlook remains unchanged.
Ethereum has shown a strong rise on the daily chart in recent days, breaking the 3600 high point. The price is currently deviating from the MA5 daily moving average, and the weekly chart is also showing a large bullish candle. Pay attention to the resistance level at 3750 and the support level at the MA5/10 daily moving averages on the 1/4 hour chart. If there is a pullback that does not break the MA5/10 daily moving averages, it will continue to maintain a strong upward trend.
Midday trading strategy (written at: 13:00):
BTC: 11.9 more, pull back to 11.8 to add more, target 120,000/121,000; 122,500/123,000 short look for around 2000 points pullback.
ETH: over 3550, add more at 3500 on the pullback, target 3600/3650; short positions follow Bitcoin synchronously.
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click on a free follow, collect, like, and comment, thank you all, and welcome everyone to leave comments below for discussion, I will reply one by one #ETH突破3600# #特朗普施压鲍威尔# #山寨季何时到来?#