Analyst Chen Shu: Short-term Strength Again on 7.28, Focus on the $120,000 Threshold, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin's daily chart shows that the current price has once again risen above the MA5/10-day moving averages. Pay attention to whether it can stabilize above the 11.85 level. If it does, the short-term may strengthen again to test the $120,000/$121,000 resistance level. Initially, focus on the breakout situation at the $120,000/$121,000 resistance level. For Ethereum, the daily chart currently shows a small bullish candle, with the price firmly above the MA5/10-day moving averages. The short-term resistance level to watch is the previous high of 3857, while the support level to monitor is whether the 1/4-hour MA5/10-day moving averages are breached.

Trading Strategy (Published at 01:00):

BTC: Long at 11.85/11.76, target 11.95/12.05; consider short positions at the 12.1 level for short-term operations. ETH: Long at 3800/3750, target 3850/3900; short positions should follow Bitcoin synchronously.

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