Analyst Chen Shu: Short-term rebound on September 12, focus on support at 11.4, midday analysis and strategy for Bitcoin and Ethereum

From the daily chart of Bitcoin, yesterday once again closed with a bullish candle, testing the MA60 daily moving average at 11.52. During the day, the key focus is whether the price can continue to rebound and stabilize above 11.52. In the short term, the 4-hour MA256 daily moving average serves as a short-term support and resistance level. Pay attention to whether this support can hold to form a new rebound trend, with the resistance level focusing on the previous high point of 11.68.

From the daily chart of Ethereum, the price has broken above the MA30 daily moving average at 4420 after two consecutive days of rebound. In the short term, focus on the continuation of the rebound during the day. The 4-hour chart has currently broken through the MA120 daily moving average at the resistance level of 4430, indicating a return to a rebound trend. The support level to watch is the previous resistance level at 4430, with the resistance level focusing on 4650.

Midday trading strategy (written at 15:30):

BTC: Buy at 11.45, add more on a pullback to 11.38, target 11.55/11.65; sell at 11.68/11.75 and look for a pullback of 1-2000 points.

ETH: Buy at 4520, add more at 4460, target 4588/4630; sell at 4600/4650 and look for a pullback of around 100 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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