Analyst Chen Shu: 6.10 Yesterday's strategy successfully profited, looking at fluctuations for the day. Midday analysis strategy for Bitcoin and Ethereum market.

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2 days ago

Analyst Chen Shu: 6.10 Yesterday's strategy successfully profited, looking at fluctuations for the day, midday analysis of Bitcoin and Ethereum market strategies.

From the daily chart of Bitcoin, yesterday's daily line closed with a large bullish candle, with prices approaching the previous high of 11.07. Currently, there is a slight pullback after encountering resistance in the short term. The support for the pullback's low point is focused on the 4-hour MA5 moving average around 10.88. If the pullback does not break this level, one can attempt to go long and continue to be bullish. The resistance level remains at the previous high of 11.07. Currently, after the rise and pullback, one should wait for a retest to continue going long.

From the daily chart of Ethereum, after a supplementary rise yesterday, it also closed with a large bullish candle, with prices directly above the MA256 moving average. As analyzed in yesterday's midnight article, after breaking through 2550, the price rebounded and accelerated to test the 2660 level. Currently, the short-term price has temporarily stabilized above 2660. Attention should be paid to whether the intraday pullback to 2660 support is effective. A short-term pullback to this level can be considered for a bullish position.

Midday operational thoughts (writing time: 11:30):

BTC: Long at 10.9, add to long at pullback to 10.83, target 11/11.07; short positions can be operated around 11.16/12.

ETH: Long at 2670, add to long at pullback to 2630, target 2750/2800; short positions can be considered above 2780/2800.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, bookmark, 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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