Analyst Chen Shu: Short-term direct breakthrough on June 10, looking at 110,000, midnight market analysis / with trading strategy

Market Analysis: Bitcoin has strengthened during the day, and the daily line has currently broken directly above the MA30 moving average. If the short-term continues to strengthen, the previous high pressure level of 110,000 is in sight. On the 4-hour chart, the short-term has formed a large bullish candle, with prices breaking directly above the MA120 moving average. Previously, this line has changed from a resistance level to a support level at 10.66. If it retraces and does not break this level, it can be used to go long. As for Ethereum, its upward momentum is not as strong as Bitcoin's. The daily line is still under pressure from the MA30 moving average. Pay attention to the breakthrough and stabilization at the 2550 point level. If it breaks out later, it will look towards the MA256 moving average at the 2660 level. Currently, the short-term pressure level is in the 2540-60 price range. If it breaks through, it will continue to rise; otherwise, it will look for a consolidation adjustment.

Trading Strategy (Published at 23:30):

BTC: Long at 10.68/10.6, target 10.8/10.9; short at 110,000 looking for a retracement around 2000 points. ETH: Long at 2515/2460, target 2560/2600/2660; short near 2600/2660 looking for a 5-80 point retracement.

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 a message below for discussion; I will reply to each one!

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