Analyst Chen Shu: The market on July 21 is strengthening again and may break through $4000, midnight market analysis / with trading strategy

Market Analysis: Bitcoin's daily line currently shows no significant fluctuations during the day, overall it is still slightly oscillating around the MA5/10-day moving averages. Short-term support to watch is 10.8, while the MA256 daily moving average on the hourly level continues to rise. As long as it stays above 11.78, the bullish outlook remains; for Ethereum, it continues to break new highs during the day, with the daily line once again closing with a large bullish candle, about to break through the 3800 resistance level. This round of increase has not seen significant pullbacks or corrections, and the short-term trend remains a one-sided upward trend, with the upper resistance level focusing on the $4000 mark.

Trading Strategy (Published at: 00:30):

BTC: Buy at 11.83, add to long positions on a pullback to 11.75, target 11.9/120,000, short at 120,000/121,000 looking for a pullback of around 2-3000 points. ETH: Buy at 3750, add to long positions on a pullback to 3700, target 3800/3850, short positions synchronized with Bitcoin.

The daily analysis strategy has a very high win rate! Analysis is not easy, 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!

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