Analyst Chen Shu: Pay attention to the key support level breakout during the low-level consolidation on August 17. Midday Bitcoin and Ethereum market analysis strategy.

Bitcoin, from the daily chart perspective, is currently priced at a critical level of 11.73 at the MA30 moving average. If this level is lost, it will likely test the low point of 11.4 again in the short term. The short-term resistance level to focus on is whether it can hold above the MA5/10 moving averages at 11.9. Looking at the 4-hour chart, the support below to watch is the MA256 moving average at 11.65. On the 1-hour level, it is expected to oscillate around the MA256 moving average at 11.83.

From the daily chart of Ethereum, the current price is oscillating around the MA5/10 moving average. Pay attention to the breakout direction of this small range of 4520-4400. On the hourly level, the support below is at the MA256 moving average of 4300, while the resistance level is at the MA120 moving average of 4550. Watch for the breakout direction chosen by the market next, and it is expected to continue oscillating downwards to test the support level.

Midday operation strategy (writing time: 15:00):

BTC: 11.88 short, add short at rebound 11.98, target 11.8/11.7; look for a rebound of about 2000 points at lower levels 11.7/11.62 long.

ETH: 4530 short, add short at 4580 on the rebound, target 4450/4400; look to go long at 4330/4280 with 4400 as a key level.

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, save, like, and comment, thank you all, and feel free to leave a message below for discussion, I will reply one by one #美7月PPI年率高于预期# #以太坊ETF突破300亿美元# #Gate Alpha巅峰交易赛# .