Analyst Chen Shu: Where to Focus on Support Below After Continuous Decline on June 18? Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin's daily chart currently shows a large bearish candle. Yesterday, the price broke above the MA30 moving average at 10.66 but failed to hold. In the short term, it has shown a series of pullbacks, with support to watch at the daily MA60 moving average around 10.2. On the 4-hour chart, the resistance level is at the MA256 moving average around 10.53. We need to pay attention to whether the price continues to decline and retest the 10.2 level. For Ethereum, the daily chart shows a series of upper shadow green candles, with resistance levels at 2570/2670. If it cannot hold above this level in the short term, it will likely remain in a weak consolidation. Currently, the price on the 4-hour chart has reached the MA256 moving average at 2515, so we need to watch whether the price can regain a position above 2515.

Trading Strategy (Posted at: 00:30):

BTC: Long at 10.26/10.2, target 10.35/10.45; Short at 10.48/10.6, looking for a 2-3000 point pullback.

ETH: Long at 2450/2380, target 2500/2550; Short at 2530/2580, target 2450/2400.

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 a message below for discussion; I will reply to each one!

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