5.2 Midday Bitcoin and Ethereum Market Analysis Strategy, Pay Attention to Follow-Up Continuation Strength After Breaking Through Resistance Level
From the daily chart, Bitcoin formed a red candlestick yesterday, breaking through the 9.55 resistance level. If it continues to strengthen in the short term, it will test the previous high resistance level of 9.95 again; on the 4-hour chart, the short-term trend is moving upwards along the MA5/10 daily moving averages, with support focusing on the previous high point of 9.55, which forms a top-bottom conversion level. Pay attention to whether the pullback to the 9.55 support level is effective.
From the daily view, Ethereum formed a small bullish candlestick yesterday, testing the daily MA60 moving average resistance level of 1830. Currently, the price is above 1830, and we need to see if it can maintain stability above 1830. If it stabilizes, the trend will remain moderately bullish; otherwise, it will continue to adjust in a narrow range.
Midday Operation Strategy (Drafting Time: 13:30):
BTC: Buy at 9.55, add more on pullback to 9.5, target 9.65/9.75; sell at 9.75/9.8 looking for 9.65/9.55
ETH: Buy at 1810, add more on pullback to 1780, target 1840/1870; sell at 1850/1880 looking for 18150/1780