Analyst Chen Shu: 8.20 Strategy Continues to Profit, Focus on Intraday Rebound Strength, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart of Bitcoin, yesterday's daily candle closed with a large bearish line, directly crossing the MA60 daily moving average. The short-term support level to watch is around 11.2; if it breaks, it may retest the 10.88 level. On the 4-hour chart, the short-term bottom is at 11.25, and we should pay attention to whether it can break through and stabilize above 11.45. If it stabilizes, the short-term will end the one-sided correction trend; otherwise, it will continue to look for a pullback. The short-term operation suggests first observing the strength of the rebound.

From the daily chart of Ethereum, the daily candles have continuously closed bearish and are about to retest the MA30 daily moving average at the key support level of 3980. On the 4-hour level, the short-term has tested the MA120 daily moving average at 4060. If it holds, it will rebound to test the resistance level at 4220. Similarly, the short-term suggests first observing the strength of the rebound.

Midday Operation Thoughts (Written at: 13:30):

BTC: Go long near the current price of 11.35, targeting 11.46; short at 11.46/11.55, looking for a pullback near 11.3.

ETH: Go long at the current price of 4150, targeting 4230/4260; short at 4250/4300, looking for a pullback of 1-200 points.

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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