Analyst Chen Shu: 7.9 follow the breakout direction of the 10.8-10.9 range, midday Bitcoin, Ethereum market analysis strategy.


From the daily chart, Bitcoin has been continuously fluctuating around the MA5/10 day moving averages in the short term, with a range of 10.8-10.9. Pay attention to the breakdown of this range; if it breaks upwards, look towards above 110,000. If it breaks down, then watch 10.65/10.6 level. In the short term, support to watch is the 1-hour MA256 day moving average at 10.8, and we will wait for the breakout direction of this range.
From a daily perspective, Ethereum is showing a slight rebound strength and is currently standing above 2600. The resistance level above is clearly at the MA256 daily moving average line of 2660. Follow whether it will rebound again to test the 2660 resistance level during the day. Looking at the 4-hour chart, it has made multiple attempts to reach the 2630 level. If it can maintain its position above 2600, it will test the 2660 high point resistance level in the short term.
Midday operation ideas (written at: 13:30):
BTC: 10.86 short, add short on rebound at 10.95, target 10.8/10.75; buy at 10.68/10.6 below, watch 10.75/10.85.
ETH: Short at 2630, add to the short position at 2670 on the rebound, target 2600/2560; look for a rebound of 5-80 points on the long side at 2550/2500.
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click to follow, bookmark, like, and comment for free, thank you all, and I welcome everyone to leave comments below for discussion, I will reply one by one! #美加征关税# #Gate xStocks 交易体验# #Gate VIP理财送茅台#
BTC-1.25%
ETH-2.93%
MA-11.43%
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