Analyst Chen Shu: May 10 High Position Consolidation Focus on Pullback Strength, Midnight Market Analysis/Accompanying Trading Strategy

Market Analysis: Currently, from the trend perspective, Bitcoin has started a high position consolidation after a false breakout of a new high during the afternoon, initiating a slight pullback. Pay attention to the strength of the pullback, focusing on the 1-hour MA30 moving average at 10.2, and the 4-hour MA10 moving average at 10.18. If the pullback does not break below this line, the bulls will continue; Ethereum has tested the 12-hour MA256 moving average at 2380 and then started to pull back. Currently, the short-term resistance level is at the daily MA120 moving average at 2300, so watch to see if the price can break and hold above this level.

Trading Strategy (Published at: 00:30):

BTC: Short at 10.3/10.36, target 10.2/10.1; Long at 10.2, add long at 10.1 on pullback, target 10.3/10.4. ETH: Short at 2320/2350, target 2280/2250; Long at 2260/2200, target 2300/2350.

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

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