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Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategy yielded profits; continue shorting with a target of the 80,000 support level.

2026-01-30 05:29:34
Shareshare
Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategies were profitable. Continue shorting, targeting the 80,000 support level. Yesterday's analysis suggested shorting Bitcoin at 8.85 and Ethereum at 2985. Ethereum rebounded to a high of 2970 but failed to enter the market. The Bitcoin short positions entered with a profit of 5000 points. Congratulations to those who followed the strategy; there was no hindsight bias! Looking at the daily chart for Bitcoin, yesterday's candlestick was a large bearish candle, breaking through the support level. Currently, from a weekly perspective, after breaking the support, the next support level to watch is the 120-day moving average around 80,000. The overall market trend has basically turned bearish. The recommended strategy is to enter short positions on any rebound. The resistance level to watch is whether the 5-day and 10-day moving averages on the 1/4-hour chart can be held. Looking at the daily chart for Ethereum, yesterday's price also fell sharply, breaking through the 2800 support level. From a weekly perspective, there is a high probability of a pullback to the 256-day moving average around 2580. The short-term market is expected to continue its downward trend. The recommended strategy is to short on any rebound, targeting the downside. We are not considering long positions. Midday Trading Strategy (Written at: 13:30):
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