Analyst Chen Shu: 4.10 Midday Bitcoin and Ethereum Market Strategy Report, Trade War Turmoil Sweeps Through Day Trading, Short Then Long Operations

From the daily chart of Bitcoin, last night due to the resurgence of Trump's tariffs following a significant rise in US stocks, yesterday closed with a solid bullish candle, the price directly broke above the daily MA256 moving average, rebounding to the resistance level of the MA30 moving average. During the day, pay attention to the break of the 8.35 resistance level and the 8.1 support level. The 4-hour view sees the price rebound to the MA120 moving average after a short-term correction. It is recommended to adopt a short then long strategy for day trading.

From the daily chart of Ethereum, there was a significant rebound yesterday, with the price forming a short-term double bottom pattern at the low point of around 1400. Pay attention to the breakthrough of the daily MA10 moving average resistance level at 1700. On the hourly chart, the price is currently fluctuating around the MA120 moving average at 1615, and we should observe whether the pullback can continue.

Midday Trading Strategy (Written at: 13:00):

BTC: Short at 8.2, add short at a rebound to 8.3, target 8.1/80,000; Long at 8.1/80,000 looking for a rebound of 2-3,000 points

ETH: Short at 1620, add short at a rebound to 1650, target 1570/1500; Long positions should follow Bitcoin for a synchronized rebound of 50-80 points

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 one by one!