Analyst Chen Shu: 4.23 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Strong Rally Pullback Continues to Look Bullish

From the daily chart of Bitcoin, yesterday's candlestick closed with a large bullish candle, and the price directly broke above the MA120 daily moving average. The short-term resistance level to watch is 9.5, while the intraday support on pullbacks should first focus on the MA120 daily moving average at 9.16. At the 1/4 hour level, the price is steadily moving upwards along the MA5/10 daily moving averages, with entry points for long positions referencing the MA5/10 daily moving averages on the hourly chart.

From the daily chart of Ethereum, it also closed with a large bullish candle, with the price breaking above the MA30 daily moving average. The short-term resistance level to watch is the daily MA60 daily moving average at 1920. On the 4-hour chart, the current price has reached the MA256 daily moving average at 1790. It is crucial to monitor whether the price can stabilize above this level. If it stabilizes, it will continue to extend the bullish trend to test 1900; otherwise, it will undergo a consolidation adjustment.

Afternoon Trading Strategy (Written at: 16:00):

BTC: Long at 9.32, add to long on pullback at 9.25, target 9.4/9.5; around 9.5, attempt to short on short-term pullback

ETH: Short at 1790, add to short on rebound at 1830, target 1750/1730; consider long positions at 1730/1700 level

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 messages below for discussion; I will reply to each one!