Trader Chen Shu: 10.2 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, How to Operate After the Perfect Short Position Ends Mid-term?

In the analysis of the articles on the afternoon and evening of October 1, a short position was suggested at 6.41/2650, which dropped to around 6.01/2410, yielding a profit of 4000/240 points. The entry point was at the highest price, and the article was publicly shared across the network, rejecting any hindsight analysis. Meanwhile, last week's mid-term short position at 6.6/2700 ended perfectly. Congratulations to friends who followed the market strategy! October started with a 100% win rate, and the entry points were accurate. Currently, the market has stopped falling in the short term. Please see the following analysis for how to operate.

From the daily chart of Bitcoin, as analyzed in last night's article, the market fell as expected to the daily MA60 moving average line (60,000) and stopped falling. The current price is fluctuating around the MA256 moving average line (6.14). It is expected that the market will oscillate widely around the 6.14 line during the day. Overall support should first focus on the MA30/256 moving averages, which are 6.05/6.14, while the resistance level is at the MA120 moving average line (6.2). If it can stabilize above 6.2, then the short term will continue to rebound and test around 6.32.

As for Ethereum, as discussed in yesterday's analysis, a short position was suggested at the highest point of 2650, which then dropped to a low of 2410 before stopping. The daily chart pierced the daily MA30 moving average (2460) and then retracted. Currently, the short-term support level is first looking at the 2460 support level. If it can hold, then the short term will end the one-sided downward trend and turn into oscillation, while the resistance level should refer to the 2500-20 price range.

Afternoon Operation Strategy:

BTC: Short lightly at 6.2-6.25 on the rebound, with the short target first looking at 6.14. If it breaks, reduce the position and hold to look at around 6.05; go long near 6.05, targeting around 2000 points. (The mid-term short position at 6.6 exited near 6.05 with a profit of nearly 6000 points)

ETH: Short lightly at 2500-20 on the rebound, targeting 2460. If it breaks, reduce the position and hold to look at around 2420; go long lightly at 2470-50, targeting the 2500-20 range (the mid-term short position at 2700 exited near 2400 with a profit of nearly 300 points)

Note: Currently, Bitcoin has fallen to the daily MA256 moving average line (6.14). It is expected that the market will oscillate and adjust around 6.14. Wait for the daily MA120/256 moving averages to oscillate and cross before determining if the price can stabilize above this line to judge the direction.

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

For real-time market strategy communication and consultation on market issues, you can follow my personal account homepage, the original (Coin World) ranked first personal KOL main influencer, providing free guidance and answering trading questions. Everyone is welcome to communicate!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。