Analyst Chen Shu: 8.29 Short Position Profits Again, Continue to Monitor Breakout of Range, Midnight Market Analysis / Accompanying Trading Strategy

Market Analysis: Bitcoin continues to maintain slight fluctuations during the day, testing the daily MA10 moving average but failing to break through successfully. In the short term, it is still under pressure from the 1-hour MA256 moving average at the 11.34 level. Key attention should be on whether the price can stabilize above this level, which can serve as a short-term dividing line for long and short positions. As for Ethereum, the daily chart currently shows a bearish candlestick, and it is expected to continue to pull back. The support below to watch is the 4350 level; if it breaks, look down to the 4200 level. A drop below 4470 could be considered for shorting.

Trading Strategy (Published at: 00:10):

BTC: Short at 11.32, add to short on rebound at 11.4, target 11.25/11.15; for a small stop loss near 11.22/11.15, attempt to go long looking for 11.4 area.

ETH: Short at 4530, add to short on rebound at 4600, target 4460/4350; for a small stop loss near 4360/4250, attempt to go long (mainly a short strategy, confirm a drop below 4470 to consider adding to shorts).

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 for discussion; 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。