Analyst Chen Shu: After the surge on August 25, looking down at the 110,000 support level, midday analysis and strategy for Bitcoin and Ethereum
From the daily chart of Bitcoin, the price has once again reached the key support level of 112,000 after two days of bearish candles over the weekend. Pay attention to the situation if this level is lost. The short-term support to watch is the MA120 daily moving average at the 110,000 level. Currently, on the weekly level, it has broken below the MA5/10 daily moving averages, and it is expected to continue this round of correction. On the 4-hour chart, the 112,000 level has been tested multiple times; if it is lost, it will accelerate the decline. The likelihood of breaking below the 112,000 level is high, and it is recommended to treat it more cautiously by shorting on rebounds.
From the daily chart of Ethereum, yesterday it formed a red doji and has now dropped to the MA5 daily moving average. Pay attention to the support and loss at the MA10 daily moving average at the 4500 level below. On the 4-hour chart, after a short-term surge to 4960, it has started to correct. The short-term support to watch is at the 4500/4450 level, and the short-term pullback target is the MA256 daily moving average at the 4450 level on the 1-hour chart.
Midday operational thoughts (writing time: 16:00):
BTC: Short at 111.8, add to short on rebound at 112.6, target 110.5/110,000; below 110,000/109,000, with a small stop loss, attempt to go long and look for a 1,000-2,000 point rebound.
ETH: Short at 4620, add to short on rebound at 4680, target 4500/4450; below 4450/4400, with a small stop loss, look for a 100 point rebound.
The daily analysis strategy has a very high win rate! Analysis is not easy, and 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.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
