Trader Chen Shu: 10.9 midnight Bitcoin and Ethereum market strategy *No. 2, perfect timing for long and short positions to profit, continue to pay attention to the key support at 6.18.

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5 hours ago

Trader Chen Shu: 10.9 Midnight Bitcoin and Ethereum Market Strategy *No. 2, Perfect Timing for Long and Short Positions, Continue to Focus on 6.18 Key Support

In the analysis article from the afternoon of October 8, a long position was suggested at 6.2/2400, which perfectly timed the entry and successfully reached the target point with profits exceeding 1000 points. Ethereum's pullback did not reach the entry point, and a short position was then suggested at 6.3/2450, which also perfectly timed the entry and reached the target point at 6.18, with profits exceeding 2000 points. Congratulations to those who followed the article's operations. The accuracy rate for trading points in October 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 of Bitcoin, it appears that the daily line is about to form a long upper shadow candlestick. The current price has pulled back to the key support level near the MA256 daily moving average (6.18). The importance of this level was clearly explained in the afternoon article on the 8th. Next, we will see the outcome at the 6.18 level, which can serve as a judgment point for the current short-term trend.

Ethereum, consistent with the afternoon article analysis, shows weak rebound strength and should primarily be treated as a short on rebounds. The current key resistance level is at the 4-hour MA256 daily moving average (2460), while the support level is referenced from the 5-day MA120/256 daily moving averages, which is around 2400-20 price low.

Midnight Operation Strategy:

BTC: Light long at 6.18, target around 1000 points; if 6.18 is completely lost, follow up with a short position looking at the 6.05 level, or attempt a light short in the 6.26-6.3 range first looking at 6.18, and if broken, look at 6.05.

ETH: Short at 2440-2460, target near 2400, and light long near 2400-2380 looking at around 2450.

Note: First, observe the outcome at the 6.16-18 price range. It must break 6.18 to be considered lost. If it is lost, it will test the 6.00 support level again. Treat this level as the dividing line for long and short positions.

The daily analysis strategy has a very 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; I will reply to each one!

For real-time market strategy discussions 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. Everyone is welcome to communicate and exchange ideas!

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