Analyst Chen Shu: After the market broke down on August 30, continue to be bearish; midnight market analysis/with trading strategy

Market Analysis: Bitcoin's daily chart currently shows a large bearish candle, with the price directly breaking below the MA120 daily moving average support at 110,000. If it cannot close above 110,000 subsequently, it will continue to decline in the short term, testing the 105,000 level. It is recommended to short on rebounds. For Ethereum, the daily chart also shows a bearish candle, with support to watch at the MA30 daily moving average around 4,200. The short-term pullback target is to focus on the 4,200 support. If it breaks below 4,200, it will likely retest the 4,060 level, indicating an overall bearish trend.

Trading Strategy (Published at: 00:10):

BTC: Current price 10.83 short, add to short at 10.9 on rebound, target 10.7/10.6; consider long positions around 10.55.
ETH: Current price 4,310 short, add to short at 4,350 on rebound, target 4,200/4,150; consider long positions around 4,060/4,000.

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 for discussion; I will reply to each one!

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