Analyst Chen Shu: Focus on the pullback to 3730 for Ethereum after the rise on 8.7, midday analysis and strategy for Bitcoin and Ethereum.

From the daily chart of Bitcoin, yesterday closed with a small bullish candle, maintaining a range of 11.4-11.56 for consolidation. The key resistance level to watch is the MA30 moving average at 11.68, as well as the previous low of 11.73. The support level is at 11.4. On the 4-hour chart, after breaking the MA256 moving average yesterday, it is currently testing the next support level. Today, the focus is on whether it can hold above 11.4. If it can hold above this level, consider entering long for a rebound. On the upside, short positions can be considered in the range of 11.68-11.73 for a pullback. Overall, it is still expected to see range-bound consolidation.

From the daily chart of Ethereum, it has risen over 100 points in the last two days. The current price is above the MA5/10 daily moving averages. The short-term resistance level to watch is the breakout and stability at 3730. The upper resistance range is between 3720-3750. If it breaks and holds above this price range, a short-term rebound can be established with a target of 3800. On the 4-hour chart, the focus is on whether it can maintain above 3680, which is also the support of the MA256 moving average on the 1-hour chart. If it falls below 3680, the rebound will fail again, leading to a return to the lower consolidation range. Midday trading strategy (writing time: 15:30):

BTC: Long at 11.43, add to long at 11.36 on pullback, target 11.55/11.65, short at 11.68/11.75 looking for a 2000-3000 point pullback.

ETH: Long at 3650, add to long at 3600 on pullback, target 3700/3750, consider short positions in sync with Bitcoin above 3800.

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