Analyst Chen Shu: 5.12 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term High Position Retracement Focus on Pullback Strength

The Bitcoin strategy yesterday gave a buy at 10.36, the market retraced to around 10.32 and then rebounded to around 10.5, with the long position strategy making a small profit. Currently, from the daily chart, the price has retraced to the daily MA5 moving average of 10.38; pay attention to whether this level can hold. On the 4-hour chart, focus on the MA30 moving average at 10.2, which is also the MA120 moving average on the 1-hour level. If there is a retracement during the day, watch this level.

From the daily perspective of Ethereum, the price touched the MA256 moving average around 2650 yesterday and began to show a short-term peak and adjusted. During the day, continue to pay attention to this level of resistance for any rebound, with the first target for the retracement being the daily MA60 moving average and the level of 2460, as well as the MA5 moving average at 2430.

Afternoon Operation Thoughts (Written at: 14:30):

BTC: Buy at 10.26, add a long position at 10.2, target 10.4/10.45; consider shorting at 10.65.

ETH: Buy at 2435, add a long position at 2400, target 2500/2550; consider shorting around 2650/2700.

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