Analyst Chen Shu: 4.2 Market Pullback Focus on 8.5 Resistance Breakthrough, Night Market Analysis/Accompanying Trading Strategy
Currently, from the trend perspective, Bitcoin has short-term pulled back to the 1-hour MA256 daily average line at the 8.5 level. Pay attention to whether the price can stabilize above 8.5 in the latter half of the night. If it stabilizes, it will continue to test the 8.68 resistance level, which is the 4-hour MA256 daily average line. Meanwhile, 8.5 is also the daily MA256 daily average line resistance level. For Ethereum, the resistance levels to focus on are the daily MA10/30 daily average lines at 1940/1980. Pay attention to the breakthrough situation of the resistance level in the price range of 1940-1950.
Trading Strategy (Published at: 01:00): BTC: Light long at 8.45/8.4, target around 8.65; short at the upper levels of 8.65/8.7, targeting around 8.5.
ETH: Light long at 1900/1980, target around 1930/1960; short at the upper levels of 1950/1980, targeting around 1900.
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!
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