Analyst Chen Shu: 6.2 Short-term Support Area Breakout Focus, Midday Bitcoin and Ethereum Market Analysis Strategy
From the daily chart, Bitcoin has rebounded after testing the daily MA30 moving average and has stopped falling. Over the weekend, it recorded two trading days with small bullish candles. The current price remains in the range of 10.45-10.67, undergoing consolidation. Pay attention to the breakout situation of this range. On the 4-hour chart, short-term resistance levels to reference are 10.55/10.63, as well as the 1-hour MA120 moving average at 10.57.
For Ethereum, from the daily perspective, it has recorded consecutive doji candles over the weekend, with prices operating below the MA5/10 moving averages. The daily support level is at the MA30 moving average around 2440, while the resistance levels can be referenced from the MA5/10 moving averages. On the 4-hour chart, there is a dense resistance area above at the price band of 2560-2580. If the price cannot stabilize above this band, then the short-term will continue to exhibit weak adjustments.
Midday Operation Thoughts (Writing Time: 13:00):
BTC: Buy at 10.45, add to positions at 10.36 on pullbacks, target 10.55/10.6; short at the upper level of 10.6/10.65 aiming for 10.4
ETH: Short at 2510, add to positions at 2550 on rebounds, target 2450; buy at 2450/2400 aiming for a 5-100 point rebound
Daily analysis strategy win rate is exceptionally high! Analysis is not easy, hope everyone can give a free follow, favorite, like, and comment. Thank you all, and feel free to leave a message for discussion below, I will reply one by one! $BTC
