Analyst Chen Shu: 8.15 short-term pullback focuses on the support at 11.75 below, midnight market analysis / with trading strategy attached

Market Analysis: Bitcoin experienced a significant pullback after a daily surge, currently dropping to the daily MA30 support level at 11.75. Follow the situation regarding this support level; if it is lost, the downward pressure will continue, testing the 4-hour MA256 level at 11.6. As for Ethereum, the daily chart also shows a long lower shadow, retracing to the MA5 level. Follow the situation around the 4500 support; if it is lost, it may drop to the 4200 level, with a focus on the subsequent retracement strength.

Trading strategy (published at: 23:30):

BTC: 11.75/11.6 long, target looks at 11.85/11.9; short positions temporarily remain on the sidelines.

ETH: 44000/43300 long, target at 4500/4550

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