Analyst Chen Shu: The market enthusiasm on 8.9 remains high and rises again, midday Bitcoin and Ethereum market analysis strategy.

Bitcoin, from the daily chart perspective, formed a small bearish line yesterday, encountering resistance at the 11.7 level in the short term. The pressure point above is focused on the 11.8 level, which is the area of concentrated trading during the previous consolidation at the 120,000 high. The short-term focus is on whether it can break through and stabilize above 11.8. If it stabilizes, it will challenge the 120,000 mark again; conversely, if it fails to test 11.8, the phase of rising may end, entering a pullback stage. Currently, the 4-hour chart is stabilizing above the MA120 daily moving average, focusing on the upward test for a breakthrough at the 11.8 high.

Ethereum, from the daily chart perspective, is currently experiencing a 4-day winning streak, consecutively breaking through resistance levels. The daily line has directly broken through the high point at around 4100. The weekly level is currently forming a bullish candlestick. If it retraces without breaking the 4100-4000 price range, it is expected to rise again and test the historical high points of 4600-4800. In terms of operations, it is advised to abandon the short position strategy and follow the bullish trading.

Midday operation strategy (writing time: 17:30):

BTC: 11.7 more, pull back to 11.66 to add more, target 11.8/11.9

ETH: more than 4170, add more at the pullback of 4130, target 4500/4600

Daily analysis strategy has an extremely high win rate! Analysis is not easy, I hope everyone can give a free follow, collect, like, and comment, thank you all, and welcome everyone to leave a message below for discussion, I will reply one by one #Gate & WLFI USD1 积分计划# #特朗普允许401(k)投资加密货币# #Gate跟单训练营晒单赢$2,000#