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Analyst Chen Shu: On 8.11, BTC pump rises again, midday Bitcoin and Ethereum market analysis strategy.
Yesterday's article analysis suggested going long on Bitcoin at 11.68/11.62 and on Ethereum at 4160. Bitcoin did not reach the entry point, while the long position on Ethereum successfully hit the target.
Bitcoin, from the daily chart perspective, has formed two consecutive large bullish candles, and the price has completely broken through the descending channel. It is about to test the historical high of 12.33. Currently, the bullish trend is strong, and the breakthrough happens in an instant. We are optimistic about the price breaking through the historical high, but we need to pay attention to the short-term pullback strength after rising to the 12.33 level. Looking at the 4-hour chart, the overall price has broken through the previous high-pressure fluctuation range. The overall operating suggestion is to buy on a pullback, looking for a rise, with support levels to watch at 12.1/120,000.
Ethereum on the daily chart showed a small green doji yesterday, with the price breaking above to reach the high point of 4350. During the day, attention can be paid to the pump opportunities after BTC's stagnation. For short-term support, focus on the 4-hour MA5/10 moving averages. If there is a pullback providing an opportunity, you can try to continue going long and bullish. The lower support to watch is at the 4260/4160 level.
Midday operation idea (writing time: 13:30):
BTC: 12.05 long, pullback to 11.88 add long, target 12.33
ETH: over 4260, add more on the pullback at 4170, target 4350/4400
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment, thank you all, and welcome everyone to leave a message below for discussion, I will reply one by one #BTC重返12万# #ETH突破4300# #晒出我的Alpha积分# .