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Analyst Chen Shu: On 8.19, the short order profit focused on the 11.4 support, midday Bitcoin and Ethereum market analysis strategy.
Yesterday at midnight, the article analysis suggested a short order for Bitcoin at 11.68 and a short order for Ethereum at 4370. The market rebounded successfully, with a maximum profit of 2500/170 points. Congratulations to those who followed the operation.
Bitcoin, from the daily chart perspective, continues to close with a bearish candle, falling to the current MA60 daily average line of 11.42. Follow whether it can hold this line, which is also the MA10 weekly average line at 11.4. On the 4-hour chart, there is a strong resistance level forming at the MA256 daily average line of 11.7. If it cannot stabilize above this line subsequently, it will continue to maintain a weak oscillation trend. The key focus will be on the breakout direction of the range between 11.4 and 11.7.
Ethereum appears to be on a downward trend on the daily chart, with the daily candles continuously closing bearish below the MA5/10 moving averages. Short-term support to watch is the MA30 moving average at the 3970 level. If it breaks below the 4170 level, it will continue to retrace and test the 4000 level. For the 4-hour chart, short-term support is the MA120 moving average at the 4050 level. In terms of operations, it is suggested to continue to approach the market with short positions on rebounds.
Midday operation ideas (written at: 15:00):
BTC: 11.56 short order, add short order at 11.65 on rebound, target 11.4/11.35; look for a rebound around 2000 points at the bottom 11.4/11.3.
ETH: 4270 short order, add short order at 4350 on rebound, target 4200/4170, reduce position and hold if broken down to 4050; keep long order in sync with Bitcoin.
The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click to follow, collect, like, and comment for free. Thank you all, and feel free to leave comments below for discussion. I will reply one by one #机构以太坊储备破1000万枚# #Strategy放宽股票出售规则# #Gate七月透明度报告发布# .