Analyst Chen Shu: April 26 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term High-Level Consolidation Focus on Pullback Strength
From the daily chart, Bitcoin has formed three consecutive red doji candles, with the price remaining above the daily MA120 moving average. In the short term, it is forming a high-level consolidation while maintaining above the daily MA5 moving average. On the 4-hour chart, the price is moving upwards along the MA5/10 moving averages. Pay attention to the gain or loss of the 4-hour MA10 moving average, while also focusing on the support of the MA30/60 moving averages on the 1-hour level, which is at 9.43/9.36.
From the daily perspective, Ethereum has been oscillating within a narrow range of 1830-1730 for the past three days. The upper resistance to watch is the daily MA60 moving average at 1880. If the price can remain above the 4-hour MA256 moving average at 1780, it might further test the 1880 resistance in the short term.
Afternoon Operation Strategy (Writing Time: 12:00):
BTC: The volatility on Saturday is not large, treat it as a range of 9.42-9.52, and provide a trend analysis tomorrow.
ETH: Maintain a high sell low buy approach within the range of 1780-1810.
The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone will click to follow, save, like, and comment for free. Thank you all, and feel free to leave comments below; I will reply to each one!