Analyst Chen Shu: 5.29 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Ethereum's Surge Focus on Whether It Can Stabilize Above 2660
From the daily chart, Bitcoin closed with a green K-line yesterday, breaking below the MA5/10 day moving average support. Currently, the short-term resistance level is focused on this line, which is 10.85. From the 1-hour chart, the upper MA256 day moving average of 10.8 is also a short-term resistance level. The first support level during the pullback is the 4-hour MA120 day moving average of 10.6. Short-term trading should focus on the breakout status of these positions.
From the daily chart of Ethereum, today's price directly surged and broke through the key resistance level of the daily MA256 day moving average at 2660. During the day, it is essential to focus on whether the price can sustain above 2660. If it holds, it will continue to maintain a bullish trend; otherwise, it will pull back below this level, with support levels at 2600/2550 on the 4-hour chart.
Afternoon operating thoughts (writing time: 13:30):
BTC: Short at 10.8, add short at 10.86 on the rebound, target 10.7/10.6; go long at the lower level of 10.6 looking for a 2000-point rebound.
ETH: Short at 2740, add short at 2780 on the rebound, target 2700/2660; go long at 2660/2600, target looking for 5-80 points.
Daily analysis strategy has a high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment, thank you all, and welcome everyone to leave messages below, I will reply one by one! $BTC
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