Analyst Chen Shu: 2.1 Bitcoin and Ethereum short strategy profits, significant decline trend has not yet bottomed, continue to short

From the daily chart of Bitcoin, the price has dropped significantly for three consecutive trading days, falling to a low around 7.5. On the daily level, the support level to watch is the MA30 moving average at 7.7. The short-term support focuses on the gains and losses around this level. If it can stop falling and stabilize at this level, there is hope for a rebound. The support level to watch is this line, while the resistance level focuses on the MA5/10 moving averages at the 1/4 hour level. If the rebound does not break through this line, the downtrend remains, and the short-term outlook is still bearish. It is recommended to continue shorting on rebounds.

From the daily chart of Ethereum, three large bearish candles have dropped to a low around 2200. Pay attention to the strength of the rebound as the market stabilizes. The lower support level to watch is the previous daily low around 2100. For short-term rebounds, focus on the breakthrough of the resistance level at the 1/4 hour level. In trading, it is recommended to continue shorting on rebounds, with the resistance level focusing on the daily MA256 moving average at 2580.

Midday trading strategy (written at 14:30):

BTC: Current price 7.88 short, add to short at 7.98 on rebound, target 7.7/7.6; no long positions considered for now.

ETH: Current price 2435 short, add to short at 2480 on rebound, target 2360/2300; consider entering long positions at 2200/2100.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。