Analyst Chen Shu: 1.8 noon BTC, ETH Ethereum market strategy * No.1, significantly corrected back to short-term again retesting the daily candlestick MA60

On July 7th, the analysis article provided a long/short strategy for BTC and ETH. The strategy for BTC was to buy at 10.1 and sell at 10.4, while the strategy for ETH was to buy at around 3600. Yesterday's market saw a significant pullback, and currently it is oscillating at a low level in the short term. Please see the following analysis for how to operate.

From the daily candlestick chart, BTC saw a large bearish candlestick yesterday, breaking below the 30-day moving average (MA) and currently testing the 60-day MA. The key short-term support to watch is whether the 60-day MA at 9.63 can hold. If it breaks below this level, it is likely to enter a corrective trend in the short term. Also, keep an eye on the weekly 10-day MA support at 9.55. Looking at the 4-hour chart, the price has again dropped below the 256-day MA and 9.8. Short-term expectations are for consolidation around this level.

From the daily chart of Ethereum, yesterday's daily candlestick formed a large bullish candlestick, breaking below all the daily chart moving averages. The next support level is the daily chart MA256 moving average. Looking at the 4-hour chart, the current price has fallen below all the 4-hour moving averages. If it falls below the previous low of 3300 and reaches the level of 3000, it may test the support level of $3000 in the short term.

Mid-day Operation Idea (Drafting Time: 13:00):

BTC: Short position at 9.68, add to short position at 9.8 on rebound, target 9.6/9.5; Try long position lightly at 9.55/9.45 below.

ETH: Short at 3380, add to short at rebound to 3450, target 3300/3200; long position synchronized with BTC

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