Analyst Chen Shu: Successful profit from short strategy on May 16 afternoon, midnight market analysis / with trading strategy

Market Analysis: Currently, from the trend perspective, Bitcoin has slightly rebounded after retracing to the MA10 daily moving average, and the price has not completely lost this line at 10.2. Looking at the 4-hour chart, it has rebounded upwards after retracing to the MA60 daily moving average. Pay attention to whether the price can re-establish itself above the MA30 daily moving average at 10.35. For Ethereum, continue to monitor the breakthrough of the daily MA256 moving average resistance level at 2650. If it cannot successfully break through and stabilize, it will still be treated as a consolidation. The support level to watch is the break below 2550.

Trading Strategy (Published at: 00:30):

BTC: Short at 10.4, add to short at 10.5, target 10.3/10.2; consider long positions at 10.15/10.1. ETH: Short at 2590, add to short at 2630, target 2550/2500; long 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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