Trader Chen Shu: 10.8 Midnight Bitcoin and Ethereum Market Strategy *No. 2, how to operate after successfully predicting and profiting from the short-term surge and pullback of long positions?

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3 hours ago

Trader Chen Shu: Midnight Bitcoin and Ethereum Market Strategy *No. 2, How to Operate After Successfully Predicting Short-Term Gains from Long Positions?

In the analysis article on October 7, a long position was suggested at 6.3/2460, which dipped to a low of 6.26/2440 before starting to rise, with long positions gaining over 1000/50 points. Subsequently, a short position was suggested at 6.46/2520, which is currently also profitable. Congratulations to those who followed the article's operations. The accuracy rate for October trading is 80%. Currently, the market is consistent with the afternoon analysis, showing a rise and then a fall. Please see the following analysis for operational guidance.

From the daily chart, Bitcoin's price has successfully broken above the daily line at 6.17 and also surpassed the MA10 daily moving average (6.27). The upper resistance level is in the previous range of 6.4-6.5. On the 4-hour chart, short-term support can be referenced at the MA120 daily moving average (6.31) and the MA256 hourly moving average (6.32). For short-term pullbacks, focus on the 6.3 level. Currently, the overall trend should be treated as a slight bullish fluctuation.

The trend of Ethereum is basically consistent with what was discussed in the afternoon article. After rebounding at the 2520 resistance level, it quickly declined, proving that the 2520 level is an important resistance for the current short-term rebound. The 2520 level overlaps with the daily A60 and the MA256 hourly moving average. Only by breaking and stabilizing above 2520 can there be a chance for continued upward movement; otherwise, it should be viewed as a fluctuation.

Midnight Operational Thoughts:

BTC: Light long positions in the 6.32-6.3 range, targeting 6.4. If it breaks, reduce positions and hold for around 6.48; attempt light short positions near 6.48, targeting around 1000 points.

ETH: Short at 2480-2500, targeting around 2450. Light long positions near 2440, targeting around 2500.

Note: Although the daily chart appears bullish, attention should be paid to the breakthrough and stabilization of the 6.37 resistance level, as well as the breakout situation of the 6.3-6.5 fluctuation range. Overall, it is still treated as a box fluctuation, with little possibility of a direct one-sided move.

Daily analysis strategy has a high win 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 for discussion; I will reply to each one!

For real-time market strategy exchanges and inquiries about market issues, you can follow my personal account homepage, the original (Coin World) ranked first personal KOL main account, providing free guidance and answers to trading questions. Welcome everyone to communicate and exchange!

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