Analyst Chen Shu: 7.6 narrow range consolidation awaits the market to give direction, midday Bitcoin, Ethereum market analysis strategy.



Bitcoin from the daily chart perspective, the current price is maintained at the daily MA5/10 moving average line, pay attention to the support and loss at the 10.78 line, if it breaks down, it will short-term retrace to the MA30 moving average line at 10.65-10.6. Looking at the 1-hour chart, the short-term support below focuses on the MA256 moving average line at 10.77. The bullish trend will focus on whether the price can continue to stay above 10.78, so first pay attention to the direction chosen by the market.

Ethereum is currently fluctuating around the MA30 daily moving average at the 2510 level on the daily chart. Pay attention to whether the price can consistently hold above this level. On the 4-hour chart, a short-term rebound is approaching the MA256 daily moving average at the 2530 level. Watch for whether it can break through and hold above this level; if it does, the short-term will return to a bullish trend; otherwise, it will test the support at 2460-2400.

Midday trading ideas (written at: 15:00):

BTC: 10.88 short, add short at 10.95 on rebound, target 10.8/10.75; buy at 10.76/10.65 below, looking for a 1-2000 point rebound.

ETH: Short at 2535, add to short on rebound at 2580, target 2500/2460; look for a rebound of 5-80 points on the long side at 2450/2400.

Daily analysis strategy has a super high win rate! Analysis is not easy, I hope everyone can click on a free follow, collect, like, and comment, thank you all, and feel free to leave comments below for discussion, I will reply one by one! #Dr.Han入驻Gate广场# #Gate VIP 焕新升级# #非农就业数据来袭#
BTC-0.45%
ETH-0.52%
MA34.14%
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