Analyst Chen Shu: 4.20 Afternoon Bitcoin and Ethereum Market Strategy Report, Continuing Narrow Fluctuations with Focus on Breakouts
From the daily chart perspective, Bitcoin is experiencing continuous narrow fluctuations, with the MA60 moving average being constantly revised downwards, and the price is nearing a key resistance level of 8.52. The fluctuation range has again narrowed, and if it can break above and stabilize above the MA60 moving average, it may strengthen again.
Ethereum saw a slight rebound last night, reaching a peak of 1630. Currently, at the hourly level, the price is above the MA256 moving average, at above 1600. We should pay attention to whether it can continue to stabilize above this level.
Afternoon Trading Strategy (Drafting Time: 14:00):
BTC: Continue to treat it within the range of 8.45-8.55, waiting for a breakout of the range before further analysis.
ETH: Treat it as high sell and low buy within the range of 1590-1630.
Daily analysis strategy has a very high win rate! Analysis is not easy; I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below for discussions; I will reply one by one!