Analyst Chen Shu: Yesterday's strategy was successful and profitable on October 15th, but we are still looking for adjustments during the day. Bitcoin and Ethereum trend analysis
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Analyst Chen Shu: Yesterday's strategy on October 15th was a successful profit, but we continue to see adjustments. Bitcoin and Ethereum Trend Analysis: Yesterday's midday article suggested a long position on Bitcoin at 110,000. The market rebounded perfectly to 11.35, with the long position taking 3,500 points. The strategy was spot-on and there was no hindsight. Congratulations to everyone who followed the trade! Looking at the daily chart, Bitcoin saw a long lower shadow green candlestick yesterday, which retreated to the previous low of 110,000. The overall trend is consistent with yesterday's article analysis. Short-term support has been confirmed and a slight upward rebound is expected. Above, focus on the MA120 daily moving average at 11.4, as well as the previous highs of 11.5/11.6. On the one-hour chart, focus on the MA120 daily moving average at 11.35. A breakout and consolidation of this level suggests continued upward movement. On the daily chart, Ethereum's overall price is under pressure from the 30-day moving average (MA), with key resistance levels focused on the 4280-4360 range. On the 4-hour chart, short-term upward resistance is focused on the 120/256-day moving averages (MA), or 4230-4330. On the 1-hour chart, the 256-day moving average (MA), at 4280, is also a short-term resistance level, so watch for a break above this level. Midday trading strategy (written at 17:00):
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