Analyst Chen Shu: The news on July 7 guides the market to rise again, midday analysis strategy for Bitcoin and Ethereum

From the daily chart of Bitcoin, the price rebounded after testing the MA10 moving average yesterday, rebounding to the 10.96 level before slightly pulling back. During the day, pay attention to the gains and losses of the MA5/10 moving averages. On the 4-hour chart, short-term support focuses on the MA30 moving average at 10.86, while the resistance level is at the 10.95/110,000 price range. The support level first focuses on the gains and losses of 10.86; if it breaks down, it will continue to test the daily MA30 moving average at 10.65.

From the daily chart of Ethereum, yesterday's daily candle closed bullish, with the price rebounding to the 2600 high before pulling back. The daily support focuses on 2550/2500, while the resistance continues to focus on the daily MA256 moving average at the 2660 level. On the 4-hour chart, the lower support focuses on the MA30 moving average at 2540, while the resistance levels are at 2600/2630/2660.

Midday trading strategy (writing time: 15:30):

BTC: Short at 10.96, add to short at 11.05, target 10.9/10.85; Long at 10.8/10.75, looking for a 1-2000 point rebound.

ETH: Short at 2600, add to short at 2650, target 2550/2500; Long at 2520/2480, looking for a 5-80 point rebound.

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, favorite, like, and comment, thank you all, and feel free to leave a message below for discussion; I will reply one by one!

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