Analyst Chen Shu: On July 28, a volume-reduced rise, short-term focus on pressure breakthrough. Midday Bitcoin and Ethereum market analysis strategy.
Bitcoin, from the daily chart perspective, has risen slightly over the weekend, closing yesterday with a small bullish candle, with the price standing above the MA5/10 daily moving averages. For short-term support, focus on the level of 11.85; if it holds or breaks, it will be significant. The resistance levels to watch are 120,000/121,000. Looking at the 1-hour chart, the current price has risen to around 111.98 but is starting to stagnat
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