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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Analyst Chen Shu: Can the 8.2 fall stabilize to buy the dip and go long? Evening Bitcoin and Ethereum market analysis strategy.
Last night, the current price order strategy was given, with Bitcoin shorting at 11.58 and Ether shorting at 3670. The shorts made significant profits exceeding 3000/120 points. Congratulations to the friends who followed the operation.
Bitcoin, from the daily chart, has continuously formed 2 consecutive bearish candlesticks, with the price falling to the 11.3 level. Currently, if the daily chart continues to decline, the support to watch is at the 10.95 level. Looking at the 4-hour chart, the price fell to the MA256 daily moving average at the 11.26 level yesterday. In the short term, pay attention to this support level. If it is completely broken, it will open a new downtrend channel. The resistance level to watch is at 11.6. At the current position, it may be worth considering a small position to buy the dip for a rebound correction after the excessive decline.
Ethereum, from the daily chart perspective, formed a large bearish candle yesterday, breaking below the previous support level of 3515. Pay attention to whether it can close above 3515 again in the future. The pressure level for a short-term rebound is focused on the 3580 line. Currently, below 3500, one can still consider short-term buying the dip to go long, looking for a rebound in the downtrend continuation. The support levels to watch are 3430/3370.
Midday trading strategy (written at: 22:00):
BTC: Current price 11.31 go long, target 11.58/11.65, short position wait for a pullback opportunity to be given.
ETH: Current price 3480 go long, target 3580/3650
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, collect, like, and comment, thank you all. Everyone is welcome to leave comments below for discussion, I will reply one by one #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布# .