Analyst Chen Shu: If 9.3 stabilizes at 11.06, go long and expect a rebound. Analysis of Bitcoin and Ethereum market strategies at noon
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Analyst Chen Shu: If the price stabilizes at 11.06 on September 3rd, go long and look for a rebound. Midday Bitcoin and Ethereum market analysis strategy: Yesterday's midday analysis suggested a long position at 110,000, and the midnight analysis again suggested a long position at 11.02. Both long positions saw profits exceeding 3,000 points. Congratulations to those who followed the trend! Looking at the daily chart, Bitcoin has closed with a red candlestick for two consecutive days and is currently above the MA120 daily moving average at 11.06 in the short term. The focus today is on whether it can maintain its position above this line. If it does, it is expected to rebound to the highs of 11.25/11.35. In the one-hour chart, the short-term trend is fluctuating around the MA256 daily moving average at 11.07. If it holds above this line in the short term, the rebound will continue. Otherwise, if it fails to hold this line, the short-term trend will continue to pull back and test the support of the lower low. Ethereum's daily chart shows a weaker trend than Bitcoin, fluctuating around 4300 yesterday. Focus today on whether the price can test and break through the 4350-4400 range. If it does, the short-term trend could be strong. However, the short-term trend is clearly weak. A long position is recommended around 4150, the 4-hour MA256 daily moving average, which is a safer option. Maintain a high-short position. Midday trading strategy (written at 16:30):
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