Trader Chen Shu: 10.1 noon Bitcoin and Ethereum market strategy No. 1, short-term decline and rebound continue to short and look for callback

9.30 noon article analysis gives a short-selling idea around 6.45/2650, short orders fall to around 6.3/2580 in the short term, and the profit of short orders is 1500/70 points. Congratulations to friends who follow the market strategy operation! The winning rate of daily article analysis in September exceeds 80%, and the point is correct. The current market decline and rebound are weak. Please see the following analysis for how to operate.

From the daily chart, Bitcoin price fell below the MA10 daily moving average and then touched the 6-hour MA60 daily moving average to stop falling and rebound. The current short-term rebound strength is stronger than yesterday. The short-term pressure should focus on the 1-hour MA256 daily moving average (6.43), which is also the 4-hour MA10/60 daily moving average pressure level. If this line is touched for the first time, you can consider shorting. The next pressure level is at 6.46. If it breaks through and stabilizes the 6.46-43 price range, you need to give up shorting first. This is the point that needs to be paid attention to for shorting on the rebound. The falling target is still the 6.25-6.2 range.

As mentioned in the analysis of the trend yesterday, Ethereum stopped falling and rebounded after falling to the 6-hour MA256 daily moving average. It was unable to effectively break through the 2590 line. The current price is expected to fluctuate and consolidate in the 2650-2600 range. The support level will first look at the 2890 break, and the break will look at the 2540 line. The pressure level is 2650.

Lunch operation ideas:

BTC: 6.41 light short position, rebound 6.46 increase short position, target 6.25, break the position and hold to look below 6.2; long positions need to wait for the market to break through and stabilize the price range of 6.43-46 before considering. (6.6 short positions are reduced and held to look around 6.2)

ETH: 2650-70 short, target 2590, break the position and hold to look at 2540; long positions follow Bitcoin (2700 short positions are reduced and held to look at 2540)

Note: The current short-term rebound is not small. If you are stable, you can wait for the market to test the price range of 6.43-46 and then operate according to the situation. The overall trend is still volatile and bearish, so treat it as a rebound short first.

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