Analyst Chen Shu: The strategy on July 29 successfully profited. Pay attention to the support gains and losses during the day. Midday analysis strategy for Bitcoin and Ethereum market.

Yesterday midday article provided a long strategy for Ethereum at 3880/3930, and the short position for Ethereum successfully entered the market with a profit of 100 points. The midnight article again provided a long position for Bitcoin at 11.75 and for Ethereum at 3730, with the long positions currently successfully profiting 1500/100 points. Congratulations to those who followed the operations.

Bitcoin, from the daily chart perspective, shows short-term prices oscillating around the daily MA5/10 moving averages. In the short term, pay attention to the gain or loss at the 11.83 level, while the resistance level to watch is the previous oscillation high of 120,000. On the 4-hour chart, short-term support is focused on the MA120 moving average at 11.76, and on the 1-hour level, pay attention to the MA256 moving average at 11.8, which can be viewed as the dividing line for bullish and bearish trends in the short term.

From the daily chart of Ethereum, yesterday closed with a bearish candle, and the price once again retraced to the MA10 daily moving average line at 3750. In the short term, we should focus on whether the support at 3800/3750 remains effective. Looking at the 4-hour chart, there is strong support at the MA60 daily moving average, and it has retraced multiple times without breaking below it. In the short term, we should continue to pay attention to the support at 3730, while the pressure level to focus on is 3900.

Midday operation strategy (written at: 15:30):

BTC: 11.8 long, 11.7 add long, target 11.9/120,000; above 120,000/12.1 short looking for a pullback of around 2000 points.

ETH: over 3820, add more on the pullback to 3760, target 3900/3950; consider short positions for short-term operations above 3950/4000.

Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, collect, like, and comment, thank you all, welcome everyone to leave messages below for discussion, I will reply one by one #Gate Launchpad IKA上线# #USD1理财年化达24%# #中美经贸会谈# .