Analyst Chen Shu: 4.16 Afternoon Bitcoin and Ethereum Market Strategy Report, Yesterday's Strategy Perfectly Profitable, Continue to Look for Weak Adjustments Today

Yesterday's afternoon article analysis suggested shorting Bitcoin at 8.57/8.65 and shorting Ethereum at 1650/1680. The midnight analysis article again recommended short positions at 8.51/1625, successfully providing entry points, with short positions yielding nearly 3500/100 points in profit. Congratulations to friends who followed the article's strategy for today's analysis without any hindsight trading.

From the daily chart, Bitcoin yesterday formed a green hammer with an upper shadow, with price testing the daily MA60 moving average resistance. Currently, the price has reached the daily MA30 moving average support at 8.35, and also the support of the 4-hour MA256 moving average. In the short term, pay attention to the effectiveness of the 8.35-8.38 support. If it breaks down, it may continue to test the daily MA256 moving average at 8.15.

Looking at Ethereum from the daily chart, the short-term is exhibiting weak narrow fluctuations with the price again at the daily MA5/10 moving averages, while the 4-hour chart shows a continuous series of green K-lines, with price also breaking below the 4-hour MA30 moving average support. If it cannot regain above 1600, it will revert to a weak market.

Afternoon Trading Ideas (Writing Time: 12:30):

BTC: Current price 8.35, short first, add to short on a rebound to 8.42, target 8.25, reduce position if it breaks, holding down to 8.15/8.1; consider long positions at 8.15 and below.

ETH: Current price 1580, short first, add to short on a rebound to 1610, target 1550/1530; long positions can follow Bitcoin synchronously.

Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, collect, like, and comment. Thank you all, and feel free to leave messages below for discussion; I will reply one by one!