Analyst Chen Shu: 7.31 Afternoon Strategy Profit Focus on the Stability of 11.82, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: The daily line of Bitcoin has once again closed in the red, and the price has failed to successfully break and stabilize above the MA5/10 daily moving averages, specifically above 11.82. This line is also under pressure from the MA120 daily moving average on the 4-hour chart. The short-term focus should be on the breakthrough and stabilization of this line, which can be viewed as a dividing line for short-term bullish and bearish sentiment. As for Ethereum, the daily line is currently still above the MA10 daily moving average at 3760. Pay attention to whether it directly breaks below this line on a pullback, with support below at 3740 and resistance at the stability of the 3820-50 price range.

Trading Strategy (Published at: 01:30):

BTC: Short at 11.85/11.9, target 11.75/11.65; buy at 11.55 for a rebound of 2-3000 points. ETH: Short at 3820/3850, target 3750/3700; buy at 3680/3600 for a rebound of 60-100 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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