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Analyst Chen Shu: Yesterday's short positions on Bitcoin and Ethereum were again highly profitable, with a target of 90,000.

2026-01-20 07:49:25
Shareshare
Analyst Chen Shu: Yesterday's short positions on Bitcoin and Ethereum were again highly profitable, targeting 90,000. Yesterday's article suggested shorting Bitcoin at 9.32 and Ethereum at 3220. These short positions entered at the highest points, yielding a maximum profit of 2500/100 points. Congratulations to those who followed the trades! Recent strategies have been consistently accurate, with no hindsight bias! Looking at the daily chart for Bitcoin, the price continues to close lower, currently retracing to the 30-day moving average (MA30). The overall trend is consistent with previous analysis; there's a high probability of further downward retracement to the 60-day moving average (MA60) around 90,000. On the 4-hour chart, the 256-day moving average (MA256) around 90,000 is also a key support level. The short-term strategy remains to short, targeting 90,000. If 90,000 holds, a period of consolidation is expected; conversely, if 90,000 is breached, the short-term downtrend will continue. From the daily chart, Ethereum's support level to watch is the 60-day moving average (MA60) around 3060. We should observe whether it holds above this level after a pullback. On the weekly chart, the support level is around 2960, and on the 4-hour chart, the support level is the 256-day moving average (MA256) around 3090. The recommended strategy is to continue shorting at the current price, expecting further declines. Midday trading strategy (written at 15:40):
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