Trader Chen Shu: Trend analysis and trading strategy at 20:30 on 9/27, perfectly timed short position at noon.

CN
4 hours ago

Today, the analysis of public articles on the entire network at noon suggested a short strategy for Bitcoin in the 6.55-6.6 range. The market rebounded to a high of 65970, providing a perfect entry point for short positions. Currently, the price has retraced to around 65300. Those who followed the short positions will have gained several hundred points. The win rate of the daily analysis in September exceeds 80%, with accurate entry points. As the market is currently experiencing a high rebound, please refer to the following analysis for today's Friday operations.

Bitcoin Analysis

From the hourly perspective, after reaching a high of 6.6 in the European market, Bitcoin has started to decline as analyzed at noon. Currently, the price on the hourly chart has fallen below the MA5/10-day moving average. If it completely loses the MA10-day moving average (6.55), the price will further decline, at least piercing through 6.5. Although it is not a completely bearish trend at the moment, it is still important to be aware of the risk of high rebounds and not blindly chase after highs. First, observe whether the evening price can sustain the 6.5-6.55 price range. If it holds, it can be bullish; if it is lost, first look for support near 6.4. The overall trend is bullish, and in the short term, it is not overly biased towards long or short positions. It is best to treat it as a wide-range oscillation, leaning towards upward oscillation.

Bitcoin Hourly Chart

Ethereum continues to maintain the afternoon's analysis approach. It is worth considering going long again if the price falls to the 2630-10 range. There is currently no specific point for shorting Ethereum, so it is best to look for short-term short positions at high points. The main approach at the moment is to go long on pullbacks.

Evening Operation Strategy:

BTC: Light long position at 6.5, add to the long position with a 500-point pullback, and continue to add to the long position at 6.4. The target is above 6.6. If it breaks the high, the expected space will not be very large. For short positions, continue to go short above 6.63 for short-term positions, but do not expect a large space for short positions.

ETH: Continue to hold the long position at 2580 from Wednesday. Go long with a light position near 2640 during the day, add to the long position with a pullback to 2620, and target 2700-2760.

Note: It is not expected that the U.S. stock market will move unilaterally today, Friday. It is best to treat it as a wide-range oscillation. Also, the recent trend of Bitcoin is no longer completely anchored to the U.S. stock market. The overall trend is biased towards upward oscillation.

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