Analyst Chen Shu: 4.29 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Yesterday's Range Strategy Correct, Today Focus on Breakout

Analyst Chen Shu: 4.28 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Yesterday's Long Position Strategy Correct, Expecting Volatility Today

Yesterday's article provided long positions at 9.35/9.25 for Bitcoin and 1780/1750 for Ethereum. The market dipped to a low of 9.26/1750 before starting to rebound. The long position strategy was correct, congratulations to those who followed the strategy.

From the daily chart of Bitcoin, today's price slightly retraced downwards and then returned to the 9.4 level for adjustment. On the 4-hour chart, short-term prices are fluctuating around the MA5/10/30 day moving average at 9.4. Pay attention to the gains and losses in the short term at this level. If it stabilizes above 9.4, the short-term upward rebound pattern will continue; otherwise, pay attention to a retracement to the 9.16 level.

From the daily chart of Ethereum, yesterday's price tested the daily MA60 moving average high at 1860. The short-term support is at the MA10 moving average, which is 1730. The 4-hour chart continues to maintain yesterday's analysis, focusing on the gains and losses at the MA256 moving average at 1770. If it continues to stabilize above 1770, the short-term will still maintain high-level consolidation.

Afternoon Trading Ideas (Written at: 14:00):

BTC: Long at 9.38, add to long at 9.3 on retracement, target 9.45/9.55; short at 9.45/9.55, target 9.35/9.25/9.16

ETH: Long at 1780, add to long at 1750 on retracement, target 1830/1870; short at 1830/1860, target 1800/1780

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, collect, like, and comment, thank you all, welcome everyone to leave comments below, I will reply one by one!