Trader Chen Shu: Bitcoin and Ethereum Market Strategy at Noon on September 28th *1, High Consolidation Focus on Pullback Strength for Operation!
In the afternoon and evening of September 27th, the analysis articles provided a short-selling strategy for Bitcoin at a high level, and in the evening, another analysis article was provided, correctly pinpointing the short-selling entry at 6.63, and a long position at 2640 for Ethereum, which rose to a high of 2730, with a profit of 80 points. The success rate of the daily analysis in September exceeded 80%, and the entry points were accurate. Currently, the market has experienced a slight pullback after a high, and the following analysis will explain how to operate.
From the daily chart of Bitcoin, the current price is rising along the MA5/10-day moving average, indicating a good overall trend. When considering a pullback, attention should be paid to the support of the MA5-day moving average (6.48). At the 4-hour level, the price has been consistently running above the MA5-day moving average. At the 1-hour level, the short-term pullback has retraced to the MA30-day moving average (6.57), and attention should be paid to the support or loss of this level. Overall, the short-term support price level is around 6.55 for the bulls. As long as this level can be maintained, the short-term trend will continue to be dominated by high-level oscillations. Over the weekend, focus on the support or loss of 6.55.
Looking at the daily chart of Ethereum, the current price has basically stabilized above the various moving averages, with the upper resistance referencing the high point pressure of 2780-2800 from the previous pullback. At the 4-hour level, the current pullback has broken through the MA5-day moving average, and the next pullback support is around 2670/2640.
Midday Operation Strategy:
BTC: At the current price range of 6.58-6.6, a small short position can be taken. If it falls below 6.55, add to the short position, with a target below 6.5 and around 6.43. If the price level of 6.55 can be maintained, then abandon the short position and switch to a long position near 6.55 after the pullback.
ETH: Follow the same operation as Bitcoin. When pulling back, first focus on the 2660/2640 level, and if it touches 2660/2640 below, continue to take a small long position.
Note: The short position is for short-term trading. For Bitcoin, a range of 0.8-1.5k points is sufficient, while for Ethereum, the focus remains on long positions during pullbacks. The short position is for short-term pullback trading, and there is currently no clear sign of a pullback in the trend!
The success rate of the daily analysis strategy is extremely high! Analysis is not easy, and I hope everyone can show support by following, bookmarking, liking, and commenting for free. Thank you, and feel free to discuss in the comments below!
For real-time market strategy discussions, you can click on my profile to view the introduction. I am the top-ranked individual KOL on (Coin World), providing real-time guidance and answering trading questions for free. Welcome to communicate and exchange ideas!
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