Analyst Chen Shu: 5.25 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term Focus on 10.7 Support Level Gains and Losses
Yesterday's afternoon article analysis provided a short position for Bitcoin at 10.85/10.95 and Ethereum at 2570, the market offered entry opportunities with the short position making a profit of 2000/100 points. Congratulations to friends who followed the strategy!
From the daily chart, Bitcoin had an upper shadow line to the inverted red K line yesterday, and the price retraced to the MA10 daily moving average to stop falling. Focus on the breakout situation of this line, namely 10.7. At the 1-hour level, the short-term resistance level is at 10.85, while the support level refers to the MA256 daily moving average at 10.6. If it falls below 10.7, it will continue to oscillate downwards.
Looking at Ethereum from the daily perspective, yesterday the price oscillated around the MA5/10 daily moving average, with a short-term resistance level at 2550. Pay attention to whether it can stabilize above this line during the day. From the 4-hour view, the lower support is the MA120 daily moving average at 2400, while the resistance level refers to the MA256 daily moving average at 2540 on the 1-hour level.
Afternoon Operation Thoughts (Written at 14:30):
BTC: 10.82 short, add short at 10.9 on rebound, target 10.75/10.6; buy at 10.63/10.55 looking for a 1.5-3000 point rebound
ETH: 2520 short, add short at 2670, target 2460/2400; consider the long position near 2400 for a slight rebound
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 comments below for discussion; I will reply to each one! $BTC