Analyst Chen Shu: 1.8 Afternoon Bitcoin and Ethereum Market Strategy * 1, significantly corrected and retreated, short-term once again testing the daily MA60
1.7 Afternoon article analysis provided Bitcoin and Ethereum long and short strategy, Bitcoin suggested going long at 10.1 / going short at 10.4, while for Ethereum, a long position at 3600 was suggested. Yesterday's market saw a significant pullback. Currently, how to operate in the short-term low-level fluctuations, please see the analysis below.
From the daily chart of Bitcoin, yesterday's daily line closed with a large bearish candle, breaking below the daily MA30 moving average, and currently, it has tested the daily MA60 moving average. The key short-term support to watch is whether the MA60 moving average, which is at 9.63, can form effective support. If this line is lost, the short-term will fall into a retracement trend. At the same time, keep an eye on the weekly MA10 moving average support at 9.55; on the 4-hour chart, the price has again broken below the MA256 moving average and 9.8, and it is expected that the short-term will fluctuate around this line.
From the daily chart of Ethereum, yesterday's daily line closed with a large bullish candle directly breaking below all daily moving averages, and the next support level is the daily MA256 moving average; on the 4-hour chart, the current price has broken below all 4-hour moving average levels. If the short-term further breaks below the previous low of 3300, then it may retest the 3000 USD mark.
Afternoon operating thoughts (writing time: 13:00):
BTC: 9.68 light short, rebound at 9.8 to increase short position, target 9.6/9.5; below 9.55/9.45 light long attempt
ETH: 3380 light short, rebound at 3450 to increase short position, target 3300/3200; long position synchronized with Bitcoin
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click for a free follow, save, like, and comment, thank you all, and welcome everyone to leave messages for discussion below; I will reply one by one!
For real-time market strategy communication and consultation on market issues, you can follow me, the original (Coin World) ranked first individual KOL main big V, free guidance in real trading and answers to trading questions, welcome everyone to communicate and exchange! $BTC