Analyst Chen Shu: The strategy from yesterday, July 18, was correct; we continue to look bullish on intraday pullbacks. Here’s the analysis and strategy for Bitcoin and Ethereum at noon.

From the daily chart, Bitcoin closed with a red doji yesterday, and the price remains above the MA5 daily moving average. The support below is still focused on the MA10 daily moving average at 11.77, as well as the MA5 daily moving average at 11.92. On the 4-hour chart, the short-term price is basically maintaining above the MA30 daily moving average at 11.88. The short-term support is focused on this line; as long as it does not break below this line, we continue to look bullish.

From the daily chart, Ethereum has seen a strong rise in recent days, breaking through the 3600 high. The price is currently deviating from the MA5 daily moving average, and the weekly chart is also showing a large bullish candle. The resistance above is focused on 3750, and the support level is focused on the MA5/10 daily moving averages on the 1/4 hour chart. If there is a pullback that does not break the MA5/10 daily moving averages, it will continue to maintain a strong upward trend.

Noon trading thoughts (written at 13:00):

BTC: Long at 11.9, add to long at 11.8 on pullback, target 120,000/121,000; short at 122,500/123,000 looking for a 2000-point pullback.

ETH: Long at 3550, add to long at 3500 on pullback, target 3600/3650; short positions follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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