Analyst Chen Shu: September 10th Narrow Fluctuations Focus on Support and Resistance at 11.1, Midday Bitcoin and Ethereum Market Analysis Strategy

From the daily chart of Bitcoin, the short-term fluctuations are continuously narrowing, with the lower support focusing on the daily MA120 moving average at 11.1, which can be treated as a watershed for bullish and bearish trends at the daily level. The resistance level is seen at the MA30 moving average at 11.3. On the hourly level, the lower support focuses on the MA256 moving average at 11.06. If a pullback occurs, the first target to watch is this line. The 4-hour resistance level focuses on 11.4, and the day continues to be treated as a fluctuation.

From the daily chart of Ethereum, the short-term volatility is shrinking, with the price maintaining a range around 4300. The daily resistance level still looks at the MA30 moving average at 4430, and it can continue to be treated as a range fluctuation, with strategies to buy high at 4430 and sell low at 4230.

Midday Operation Strategy (Written at: 13:20):

BTC: Buy at 11.12, add long at 11.06 on rebound, target 11.25/11.35; short at 11.3/11.4 looking for a 1-2000 point pullback.

ETH: Short at 4350, add short at 4430 on rebound, target 4300/4250; buy at 4280/4230 looking for a 6-100 point rebound.

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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