Analyst Chen Shu: 5.13 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term Pullback Focus on 100,000 Level
From the daily chart of Bitcoin, yesterday a green candlestick with upper and lower shadows showed a divergence in short-term price between bulls and bears, and the price broke below the MA5-day moving average. Short-term support focuses on the MA10-day moving average, which is around the 100,000 level. On the 4-hour chart, the price broke below the MA30-day moving average at 10.3, focusing on whether the price can regain above 10.3.
From the daily chart of Ethereum, it is clearly suppressed by the MA256-day moving average at 2650. The short-term has pulled back to the MA5-day moving average, with the pullback focusing on the MA120-day moving average at 2280. Meanwhile, pay attention to the support at the MA30-day moving average at 2400 on the 4-hour chart and the MA120-day moving average at 2370 on the 1-hour chart.
Afternoon Trading Ideas (Written at: 14:00):
BTC: Short at 10.3, add to short at 10.36, target 10.2/10.1; consider long positions around the 100,000 level.
ETH: Short at 2460, add to short at 2500, target 2400/2350; consider long positions around 2350/2280.
Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave messages below for discussion; I will reply one by one! $BTC
