Analyst Chen Shu: 11.20 Bitcoin Ethereum yesterday's strategy profit, focus on whether the rebound strength continues to reverse
Yesterday's article analysis provided a short position for Bitcoin at 9.17 and a short position for Ethereum at 3060. The market rebounded as expected, with short positions gaining 3000/200 points. The random long strategy again profited over 4000/150 points. If the long and short strategies were followed, profits could exceed 7000/350 points. Congratulations to friends who followed the operations.
From the daily chart of Bitcoin, the daily line once again closed with two long lower shadows, indicating signs of a bottoming out. Currently, the short-term price has reached the daily MA5 moving average. Pay attention to whether the price can continue to rebound and break through this line. On the 4-hour level, the short-term price has continuously rebounded, forming three red K-lines, with the price reaching the MA30 moving average. Pay attention to the breakthrough situation at this pressure level, specifically at 9.35. This line is also the high point of yesterday's pullback. If it breaks through and stabilizes, it will continue to look up at 9.5. Conversely, if it cannot break through, it will continue to look for weakness and correction.
From the daily chart of Ethereum, the daily line continues to operate below the MA256 moving average. The pressure level of the rebound high point to focus on is at this line of 3120. Before a strong breakout, we will still treat it as a sideways bearish trend. Before breaking through, consider making a long position strategy for the breakout. The pressure level can refer to the MA120 moving average on the 1-hour level, where previous rebounds have all retreated.
Afternoon operation ideas (writing time: 13:30):
BTC: Long at 9.2, add long at 9.1 on a pullback, target 9.35/9.55; upper level 9.55/9.65 short looking for a 1-2000 point pullback
ETH: Long at 3000, add long at 2940 on a pullback, target 3100; upper level 3100/3200 short looking for
Daily analysis strategy has a high win rate! Analysis is not easy, 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 one by one $BTC
