Analyst Chen Shu: 2.6 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, the bearish trend is obvious, continue to short on intraday rebounds.

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1 year ago

Analyst Chen Shu: 2.6 Afternoon Bitcoin and Ethereum Market Strategy

  • No. 1, the bearish trend is obvious, continue to short on intraday rebounds.

From the daily chart, Bitcoin has significantly declined in the past few days, and the current price has fallen below the daily MA30/60 moving averages. The overall rebound strength is insufficient, returning to a weak adjustment trend. The overall market outlook is clearly bearish, with daily resistance levels to watch at 9.9/100,000. A rebound to this line could be considered for another short position. On the 4-hour chart, after the price dipped to the MA256 moving average, the rebound has not stabilized above 9.9. The short-term price is expected to oscillate around 9.9 as the center of adjustment, with operations primarily focused on shorting during rebounds.

From the daily chart, Ethereum's downward momentum is significantly greater than that of Bitcoin, with substantial selling pressure and noticeable capital outflow. The overall rebound strength is very limited, and the current price has fallen below all daily moving averages. The short-term resistance levels to watch are 3000/3080. On the 4-hour chart, the current price has rebounded to the MA30 moving average, so attention should be paid to the breakout and stabilization at MA30, which is 2860.

Afternoon Trading Strategy (Written at: 14:00):

BTC: Short lightly at 9.87, add to short at 9.95 on rebound, target at 9.7/9.6; no long positions considered for now.

ETH: Short lightly at 2920, add to short at 3000 on rebound, target at 2800/2700.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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 me, the top-ranked personal KOL in the original (Coin World), providing free guidance and answering trading questions. Everyone is welcome to communicate and exchange ideas!

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