Analyst Chen Shu: 5.10 Afternoon Analysis Strategy for Bitcoin and Ethereum Market, Short-term High-level Fluctuation May Slightly Retrace

From the daily chart, Bitcoin closed with a green doji yesterday, with the price maintaining a high-level fluctuation at 10.3, indicating that the short-term bullish momentum has been released. If it retraces short-term, pay attention to the daily MA5 moving average line at 10.06. Looking at the 4-hour chart, short-term retracement may reach the MA5/10 moving average line at 10.28. Watch if the retracement breaks below the 10.3 line; if it does, the short-term will continue to slightly adjust to the 10.15/10.1 line.

From the daily perspective, Ethereum again released bullish energy yesterday, breaking above the daily MA120 moving average line at 2300, and then closed with a red candlestick with an upper shadow. During the day, watch if the retracement can hold above 2300, which is also the support of the 1/4 hour level moving average, while the short-term resistance is at the 2380 line.

Afternoon Operation Strategy (Writing Time: 13:30):

BTC: The weekend volatility is not large, maintain a high sell and low buy approach in the 10.35-10.22 range for now, trend analysis will be provided in tomorrow's article.

ETH: Treat the day within the 2350-2280 range.

Daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply one by one!