Today's Bitcoin and Ethereum Strategy Analysis
From the daily chart of Bitcoin, the price continues to be sluggish, currently falling to the MA30 daily moving average at 10.38. Pay attention to this line's gains and losses during the day. If it falls below, the short-term trend will continue to decline to the 4-hour MA256 daily moving average at 100,000. The resistance level can be referenced from the 1-hour level's MA5/10 daily moving averages.
From the daily chart of Ethereum, yesterday closed with a large bearish candle, and the price broke below the MA5/10 daily moving averages. If the short-term decline continues, the next support to focus on is the MA30 daily moving average at 2400. In the 4-hour view, it has continuously closed with bearish candles, breaking below short-term support. Pay attention to whether it can regain
the MA120 daily moving average.
Afternoon trading strategy (written at: 14:00):
BTC: 10.42 short, add to short at a rebound to 10.5, target 10.3; Saturday's volatility is not high, try to treat small rebounds as shorting opportunities.
ETH: 2540 short, add to short at a rebound to 2580, target 2500;
