Analyst Chen Shu: On October 10, the bullish trend continues, focusing on the key resistance at 12.3. Analysis of the trends of Bitcoin and Ethereum.

Analyst Chen Shu: On October 10, the bullish trend continues, focusing on the key resistance at 12.3, analysis of Bitcoin and Ethereum trends.

From the daily chart of Bitcoin, it has been oscillating and adjusting for several days, with daily highs continuously decreasing. Currently, the price is mainly fluctuating around the daily MA10 moving average. On the 4-hour chart, the previous two high points of pressure during the upward movement are at the 12.4 level, while the short-term pressure level focuses on the MA30 moving average at 12.8. Only by breaking through and stabilizing above this level can the bulls regain strength to push upwards. The short-term support level to watch is the MA256 moving average at 12.05; attention should be paid to whether the price can hold and rebound upon retesting this level.

From the daily chart of Ethereum, yesterday's bearish candle closed below the MA30 moving average support at 4380. Today, the focus is on the stability of the price range between 4380-4400. If it stabilizes again, the downward trend may end; conversely, if it continues to stay below this level, the trend will likely remain weak. The 1/4 hour pressure levels are at 4380/4430, with a focus on the breakthrough and stabilization at this level.

Afternoon trading strategy (written at 15:10):

BTC: Short at 12.26, add to short at 12.38 on rebound, target 12.1/12, look for a 1-2000 point rebound at the lower levels of 12.05/11.95.

ETH: Short at 4380/4430, target 4300/4250; long positions should follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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