Analyst Chen Shu: 8.4 long order successfully gets on board for profit, continuing to look up. Midday Bitcoin and Ethereum market analysis strategy.

In recent days, the article strategy and current price orders have only provided long order strategies. The long order reduction point is in the 11.3-11.35 range, with Ethereum long order entry at around 3450. The long order rebounded to a daily high of 11.5/3575, with a maximum of 2000/1200 points available for the long order. Congratulations to those who followed the operation!

Bitcoin on the daily chart shows that yesterday formed a bullish candlestick pattern that created an engulfing pattern, and currently, it has short-term support above the MA5 moving average. The intraday resistance level to watch is around 11.6, which is also our take profit target for the long order. Looking at the 4-hour chart, after breaking and stabilizing above 11.4 yesterday, the trend has shifted to a short-term bullish pattern. The upper resistance level also focuses on the pullback high point of 11.6 from the evening of 8.1. In terms of operation, we still consider going long on pullbacks, while shorts should wait until near 11.6 before considering.

From the daily chart of Ethereum, it also recorded a small bullish candle yesterday, and the current price has touched the MA5 moving average. The upper resistance level to watch is the MA10 moving average at the 3660 line. The key short-term position to focus on is whether it can continue to hold steady in the 3530-3550 price range. This position, like Bitcoin's 11.4, is a resistance point from the previous downward pullback. The 4-hour MACD has currently formed a golden cross, and the red momentum bars are starting to expand. It is recommended to directly enter long positions on a pullback, and to patiently hold the previously entered long orders. Aggressive pullbacks can add to long positions with floating profits.

Midday operation strategy (written at: 13 : 00):

BTC: Current price 11.425 get on board long order, pullback to 11.4 add long order, target 11.56/11.63, short order wait for rebound opportunity to give.

ETH: Current price 3530, get on board long at 3515, target 3600/3630

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