Trader Chen Shu: 10.13 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, High-level consolidation focusing on the pullback strength near 6.22.

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1 day ago

Trader Chen Shu: 10.13 Afternoon Bitcoin and Ethereum Market Strategy *No. 1, High Position Consolidation Focus on the Pullback Strength Near 6.22

From the daily chart of Bitcoin, after closing a large bullish candle on Friday, it again closed a small bullish candle on Saturday and maintained its position above the MA256 daily moving average. The overall price remains in a high-level consolidation. Currently, the short-term trend needs to focus on the 256-day moving average, specifically the level of 6.22. If it pulls back to this line and holds, then the short-term will continue to test the weekly MA30 daily moving average (6.36). This line is also the recent high point pressure. In the short term, first focus on the breakout situation in the range of 6.22-6.35, and trade according to the breakout direction.

After yesterday's slow rebound, Ethereum's price has currently broken above the 4-hour MA256 daily moving average (2455). The next resistance level will test the daily MA30/60 daily moving average (2490). At the same time, after the price surged to 2490 on the 1-hour chart, it pulled back to the MA30 daily moving average at 2460 and held. In the short term, you can continue to pay attention to this short-term support's strength.

Afternoon Operation Ideas:

BTC: Light long at 6.24, add to long on a pullback to 6.2, target around 6.35; short in the range of 6.4-6.45, target around 1000 points.

ETH: Light long at 2440, add to long on a pullback to 2410, target at around 2500; consider light short near 2520 for a 3-50 point pullback.

Note: Currently, the short-term is in a high-level consolidation, with short-term resistance at 6.35 and support at 6.22. First, focus on the breakout situation in this range. Based on the current market, it is expected to rise first and then fall, so pay attention to the pressure at the high points of the rise.

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 exchanges and inquiries about 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 and exchange!

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