Trader Chen Shu: Bitcoin and Ethereum market strategy at noon on September 25th *1, the tug of war between long and short positions continues, waiting for a breakthrough for range trading.

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1 year ago

Trader Chen Shu: Bitcoin and Ethereum Market Strategy at Noon on 9.25 *1, the tug of war between long and short positions continues, waiting for a breakthrough in range operations.

Summary of the noon article on 9.24: The noon article provided a range of long and short trading ideas, both of which provided entry and exit opportunities and successfully made profits. The profits from long and short positions were 2000/100 points, and the overall trend prediction was correct. Congratulations to friends who followed the article's operations. Currently, there is a short-term tug of war between long and short positions. Please see my analysis below for how to operate next.

Looking at the daily chart of Bitcoin, after yesterday's rise, the current price is standing above the daily MA5 moving average. Intraday, continue to focus on whether it can continue to stay above this line, and the strength of the trend still depends on the MA120 daily moving average (6.23). Looking at the 12-hour chart, the short-term support needs to first look at the gain or loss of the MA256 daily moving average (6.27), and the 4-hour level is to first focus on the support of the MA30 daily moving average (6.34), which is the recent low point support for the oscillation pullback. If the price does not break through this level, it will still maintain a high-level oscillation, and the resistance level will refer to the previous daily high of 6.5 and the weekly MA30 (6.4).

As for Ethereum, the strategy given yesterday was to go long at 2600, and it has now reached 2700, making a profit of 100 points. The daily support is still the MA60 moving average (2600), which is also the support of the 12-hour MA120 moving average. As long as the price can sustain this line, the short-term will maintain a high-level consolidation, and the resistance level will first look at the breakthrough and stabilization of the 6-hour MA256 moving average (2650).

Midday suggestions:

BTC: Light long position near the 6.33-6.3 range, with a target of around 1000 points; near 6.5, consider a light short position, with a similar target of around 1000 points.

ETH: Light long position at 2600-2580, with a target of 2650, and consider reducing the position if it breaks through and holds at 2780.

Note: If the short-term trend needs to end the current oscillating trend, then in the bullish side, it needs to break through the current high point fear level of 6.5 based on stabilizing at 6.4; and if it needs to return to a pullback trend, then it depends on whether it can fall below the 6.23 line.

The daily analysis strategy has a very high success rate! Analysis is not easy, I hope everyone can give a free follow, favorite, like, and comment, thank you. Welcome everyone to discuss in the comments below, and I will reply to each one!

Real-time market strategy communication can be found by clicking on my profile to see the introduction. Ranked first in the original (Coin World) KOL, a personal big V, providing free guidance and answering trading questions in real accounts. Welcome everyone to communicate and exchange ideas!

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