Analyst Chen Shu: On July 17, Ethereum surged strongly, focusing on the continuation strength. Midday Bitcoin and Ethereum market analysis strategy.

From the daily chart of Bitcoin, yesterday closed with a small red candlestick, overall maintaining a high-level fluctuation. The short-term support still focuses on the MA10 daily moving average at 11.65. On the 4-hour chart, the short-term mainly fluctuates around the MA30 daily moving average at 11.85, paying attention to whether it can break through and stabilize above this level. It is expected that the short-term will mainly be a narrow range fluctuation, waiting for non-Bitcoin cryptocurrencies to continue to rise, first focusing on the breakout situation in the range of 11.85-11.65.

From the daily chart of Ethereum, yesterday's daily line closed with a large bullish candlestick, with the price breaking through to the high point of 3450. The short-term has been continuously strong, with the upper pressure level focusing on 3530. To determine whether the trend remains strong, pay attention to whether it loses the 1-hour MA5/10 daily moving averages and the 4-hour MA5/10 daily moving averages. If it retraces without breaking, it will continue to consolidate and then rise; conversely, if it breaks below the MA5/10 daily moving averages, the short-term will adjust with a retracement.

Midday operation strategy (writing time: 15:30):

BTC: Long at 11.7, add to long on a retracement to 11.6, target 11.8/11.9; short at 11.9/12, looking for around 2000 points.

ETH: Long at 3380, add to long on a pullback to 3330, target 3430/3500; short positions follow Bitcoin synchronously.

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