Analyst Chen Shu: 10.31 Short position successfully profited, continue to look bearish, midnight market analysis / with trading strategy

Market Analysis: Bitcoin's daily chart continues to show a bearish trend with weak rebounds. The daily decline target is set at the 10.4 level, and attention should be paid to the weekly loss of 10.88. For the 1/4 hour level, continue to look for short positions under the pressure of the MA5/10 day moving averages; Ethereum's daily chart continues to show bearish trends, completely losing the MA120 day moving average at the 4000 level. The 1-hour level is still under pressure from the MA5/10 day moving averages, and until there is a significant volume rebound that breaks and stabilizes above this level, it should continue to be treated as a bearish position.

Trading Strategy (Published at: 23:30):

BTC: Short at 10.85/10.95, target 11.75/11.65; Long at 11.66/11.55 looking for a rebound of around 2000 points.

ETH: Short at 3815/3880, target 3700/3650; Long at 3700/3650 looking for a rebound of 8-150 points.

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, 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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