Analyst Chen Shu: The significant rise on July 3rd draws attention to the breaking point of the 110,000 integer level. Midday analysis and strategy for Bitcoin and Ethereum market trends.

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9 hours ago

Analyst Chen Shu: Significant Rise to 110,000, Focus on Breakout Situation, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart, Bitcoin closed with a large bullish candle yesterday, breaking through to a high of 10.96. Today, pay close attention to the previous high resistance level at 110,000/11.06, while support can be observed at the daily MA5/10 moving averages. On the 4-hour chart, focus on the previous high resistance level of 10.85/10.8 for support. Additionally, keep an eye on the non-farm payroll data this evening for potential market breakout situations.

From the daily chart, Ethereum saw a strong breakout above the MA30 moving average after yesterday's large bullish candle. The current upper resistance level to watch is the MA256 moving average at 2660. If the rebound continues today, pay attention to the breakout situation at the 2660 resistance level. On the 4-hour chart, short-term support can be observed at the MA256 moving average at 2530. If 2530 holds, a top-bottom reversal position will form, initiating a new round of upward movement.

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

BTC: Buy at 10.85, add to position at 10.78, target 10.96/110,000; short at 110,000/11.06, target 10.9/10.85.

ETH: Buy at 2530, add to position at 2500, target 2600/2650; short at 2660/2700, target 2520/2470.

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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