Analyst Chen Shu: 4.21 Afternoon Bitcoin and Ethereum Market Strategy Report, Daily Line Breaks Upward, Focus on Previous High Resistance Level
From the daily chart of Bitcoin, after a week of narrow-range fluctuations, the market strengthened short-term this morning, breaking through the daily MA60 moving average at the pressure level of 8.5, as well as the previous high points of 8.85-8.88 on the daily level. Meanwhile, pay attention to the weekly MA30 moving average and the pressure level of 8.8; for short-term trading, focus on buying on dips.
From the daily view of Ethereum, the previous range of fluctuations is about to break, and today the daily line also closed with a red candlestick. Looking at the 4-hour chart, the short-term has strengthened, with the current price rebounding to the MA120 moving average at the level of 1650. Pay attention to whether the price can break and hold above 1650, which would extend the rebound to test the daily resistance at 1735.
Afternoon Operation Ideas (Writing Time: 14:00):
BTC: Buy at 8.73, add to positions at 8.65 on a pullback, target 8.85/8.9; above 8.9, look for opportunities to short for a short-term pullback.
ETH: Buy at 1640, add to positions at 1610 on a pullback, target 1680/1730; consider shorting at the 1730 level to look for a pullback.
Daily analysis strategy has a very high win rate! Analysis is not easy; I hope everyone can click a free follow, save, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply one by one!
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