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Analyst Chen Shu: Go long at 8.4 with a narrow range oscillation; a breakthrough of the key resistance at 11.4 is needed. Midnight market analysis / accompanying trading strategy.
Market Analysis: The key short-term resistance level for Bitcoin on the 4-hour chart remains at the 11.4 level. Once it breaks through, it will continue to rebound and test the resistance levels at 11.55/11.6. Currently, the willingness to break through seems strong. If the 15-minute MA256 daily moving average stabilizes, it will officially start to rise. For Ethereum, pay attention to the breakout situation at the resistance level of 3530. If it breaks and stabilizes, it will look up to the 3580/3670 level. Still, only go long and remain bullish, while for short positions, wait for a pullback before re-entering.
Trading Strategy (Published at: 0:00):
BTC: 11.36 go long, pull back to 11.3 to add long position, target 11.58/11.65
ETH: over 3460, add to position on pullback to 3430, target 3530/3600
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