Analyst Chen Shu: 5.24 Afternoon Bitcoin and Ethereum Market Analysis Strategy, High-Level Pullback Focus on Daily MA10 Support

Yesterday midnight article analysis gave a short position for Bitcoin at 110,000 and Ethereum at 2,580. The market provided entry opportunities for short positions, yielding profits of 3,000/80 points. Congratulations to friends who followed the strategy!

From the daily chart of Bitcoin, it closed with a large bearish candle yesterday, breaking below the MA5 line. The short-term support is controlled by the daily MA10 line at 10.65. If it continues to pull back and breaks below the MA10 line, the short-term bullish trend will come to an end. Looking at the 1-hour chart, the support below is focused on the MA256 line at 10.55, which is the reference for long positions.

From the daily perspective of Ethereum, yesterday's daily candle closed as a bearish candle, directly breaking below the MA5/10 lines. The strong resistance above remains at the 2,660 line, while the short-term pressure on the 4-hour chart is at 2,560. The next support level is at 2,360, and for the short-term 1-hour level, pay attention to the MA256 line at 2,550, which is the dividing line for long and short positions.

Afternoon Operation Ideas (Written at: 14:00):

BTC: Long at 106,500, add long at 105,500, target 108,000/109,000; short lightly at 108,500 on rebound, add short at 109,500, target 107,000/106,000

ETH: Light short at 2,570, add short at 2,620, target 2,500/2,460; Long positions follow Bitcoin synchronously

The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click for a free follow, bookmark, like, and comment, thank you all! Feel free to leave comments below for discussion, and I will reply one by one!