Trader Chen Shu: 9.30 Midday Bitcoin and Ethereum Market Strategy *No. 1, the short position perfectly reached the target. How to operate intraday?

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1 day ago

Trader Chen Shu: 9.30 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, Short Position Perfectly Reached Target, How to Operate Intraday?

Since providing the short selling idea on the 27th, the analysis in the article on the afternoon of the 29th again suggested a short position at 6.57/2660. Currently, it has reached the target point of the article analysis, with the short position making a profit of 1400/50 points. Congratulations to friends who followed the market strategy! The daily article analysis in September has an accuracy rate of over 80%, with correct point predictions. Currently, the market is experiencing a decline and rebound. Please see the following analysis for operational guidance.

From the daily chart of Bitcoin, the MA10 daily moving average (6.43) emphasized in yesterday's article has retraced as expected. The key points to focus on during this retracement are the MA10 at 6.45 and the 4-hour MA60 daily moving average (6.42). If this price level is lost, the market will likely enter a retracement phase to test the daily MA120 around 6.2. Intraday, pay close attention to the price range of 6.42-45. If this level is lost, continue to look for a retracement to around 6.2. Only if it returns above 6.55 will the strong bullish trend be maintained.

Looking at Ethereum's daily chart, the current price has retraced and pierced the MA10 daily moving average but has held. Continue to monitor whether 2640 will be completely lost. If it is lost, look to the MA60 daily moving average at around 2550. The 6-hour trend is consistent with yesterday's analysis, with a short-term retracement to the MA256 daily moving average before stopping the decline. Intraday, continue to pay attention to the price level of 2600.

Afternoon Operational Ideas:

BTC: Effectively break below the 6.45-42 range to short, or rebound to 6.5-53 to short, targeting around 6.3. If it breaks, reduce positions and hold to look for 6.2; for long positions, wait until it stabilizes above 6.5 to go long, targeting around 6.6 (continue to hold short positions at 6.6, looking down to around 6.3).

ETH: Short at 2650 on a rebound, targeting 2600, and if it breaks, reduce positions and hold to look for the 2530-2500 range; for long positions, follow Bitcoin's movements (continue to hold short positions at 2700, looking down to below 2600).

Note: The overall trend for the day mainly depends on the price range of 6.42-45. Currently, based on the strength of the rebound, the likelihood of continuing downward is greater. If this level is lost, the short-term trend will shift from bullish to a range adjustment.

The daily analysis strategy has a very high success rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply one by one!

For real-time market strategy discussions, you can click on my profile to see the homepage introduction. I am the top personal KOL in the original (Coin World) ranking, providing free guidance and answering trading questions. Welcome everyone to communicate and exchange ideas!

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