Analyst Chen Shu: 5.27 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Pay Attention to Trend Breakout Direction in Range Fluctuations
Yesterday's afternoon article analysis suggested a short position for Bitcoin at 110,000 and a short position for Ethereum at 2,600. The midnight article analysis again suggested a short position for Ethereum at 2,570, with a pullback to the 2,500 level. The market successfully rebounded, providing an entry position, with short positions gaining 1,500/100 points. Congratulations to friends who followed the strategy!
Looking at Bitcoin from the daily chart, the short-term continues to fluctuate around the daily MA5/10 moving averages. The short-term support to watch is the MA10 moving average at 10.8. Pay attention to the situation of breaking below this line. Currently, the 4-hour price fluctuation range mainly revolves around the MA30-60 moving averages, specifically at the 10.9-10.75 level. Pay attention to the breakout situation in this range, with key support focusing on the 1-hour MA256 moving average at 10.7.
From the daily perspective on Ethereum, it has once again fallen into a narrow range fluctuation pattern, centered around the daily MA5/10 moving averages at 2,550. Unless the price breaks and stabilizes above the MA256 moving average at 2,660, it will be difficult for the trend to rise significantly. From the 1-hour perspective, the short-term fluctuation range is 2,570-2,530, with 4-hour support at the MA120 moving average at the 2,480 level.
Afternoon Operation Ideas (Draft Time: 14:00):
BTC: Short at 11.1, add to short at 111,000 on rebound, target 110,000/109,000; Long at 10.75/10.66, target 10.85/10.95
ETH: Short at 2,600, add to short at 2,660 on rebound, target 2,550/2,520; Long at 2,520/2,480, target 2,580/2,630
Daily analysis strategy has a high win rate! Analysis is not easy, so I hope everyone can give a free follow, collect, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply one by one! $BTC