Analyst Chen Shu: 6.20 Amplitude Shrinks, Waiting for Market Direction; Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart, Bitcoin has been forming small doji candles for several days, with the amplitude shrinking. The current resistance levels to watch are 10.5/10.55/10.63, while the support level is the MA60 daily moving average at around 10.3. We will first focus on the breakout direction within this range. On the 4-hour chart, the dense resistance level above is the MA256 daily moving average at 10.57, so we will pay attention to whether it can break through and stabilize above this level.

From the daily chart, Ethereum's short-term resistance is at the MA30 daily moving average of 2570. If it breaks through and stabilizes above this level, it will continue to rebound and test the MA256 daily moving average at the high point of 2670. On the 4-hour chart, the dense resistance levels above are 2540/2570/2600. If it breaks down, we will focus on the daily MA60 moving average at 2350, paying attention to the subsequent breakout direction.

Midday Trading Strategy (Written at: 14:30):

BTC: Short at 10.53, add to short on rebound at 10.62, target 10.4/10.3; Long at 10.35/10.25, target 10.4/10.5

ETH: Short at 2540, add to short on rebound at 2600, target 2500/2460; Long at 2460/2420, target around 2550

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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