Analyst Chen Shu: Pay attention to today's daily closing situation after the high-level consolidation on July 21. Midday analysis and strategy for Bitcoin and Ethereum market trends.

CN
16 hours ago

Analyst Chen Shu: Pay attention to today's daily closing situation after the high-level consolidation on July 21. Midday analysis and strategy for Bitcoin and Ethereum.

From the daily chart of Bitcoin, yesterday closed with a green K-line, and the price fell below the MA10 daily moving average. Today, we need to focus on whether the price can continue to hold above 11.8. If it can hold, the short-term will maintain a high-level consolidation trend; otherwise, the daily level may show a slight pullback trend. The MA256 daily moving average on the hourly chart also needs to be monitored for gains and losses.

From the daily chart of Ethereum, it continues to maintain a one-sided upward trend, with the upper resistance level to watch at the $4000 mark. Maintain a bullish outlook until a continuous and significant pullback trend emerges. For short-term support, focus on the 4-hour MA5/10 daily moving averages and the 1-hour MA5/10 daily moving averages.

Midday trading thoughts (writing time: 14:00):

BTC: Long at 11.8, add to long at a pullback to 11.7, target 11.9/12; short at 12/12.1 looking for 2-3000 points.

ETH: Long at 3730, add to long at a pullback to 3680, target 3780/3830, short positions can follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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