Analyst Chen Shu: 5.9 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Focus on Pullback Strength After Significant Rise
Yesterday's afternoon article suggested going long at 9.86 for Bitcoin and 1885 for Ethereum. Bitcoin successfully entered with a maximum profit of 5000 points, while Ethereum did not reach the entry position. From the daily chart perspective, Bitcoin closed with a large red candle yesterday, with prices approaching the 10.5 high resistance level. At the same time, the weekly level is also approaching the previous oscillation high resistance level. Pay attention to the breakthrough and stabilization of the 10.5 resistance level, and on the 4-hour level focus on whether the MA5/10 daily moving average pullback breaks.
From the daily perspective, Ethereum saw a significant rise yesterday, peaking at nearly 20%. The daily line is currently approaching the MA120 daily moving average at around 2300. Pay attention to the testing of this resistance level during the day, while the support level focuses on the 1-hour level MA5/10 daily moving average pullback break situation.
Afternoon Operation Ideas (Writing Time: 13:00):
BTC: Go long at 10.15, add long on a pullback to 10.05, target 10.3/10.4 million; short near 10.5/10.6 million looking for a 2-3000 point pullback.
ETH: Go long at 2160, add long on a pullback to 2100, target 2250/2300; short near 2300/2350 looking for a 60-100 point pullback.
Daily analysis strategy has a very high win rate! Analysis is not easy, 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 one by one!