Analyst Chen Shu: 5.1 Afternoon Bitcoin and Ethereum Market Analysis Strategy, High Position Consolidation Focus on 9.55 Resistance Breakthrough
From the daily chart of Bitcoin, yesterday closed with a green doji, and the price retested the daily MA10 moving average. The overall trend has recently been suppressed by the 9.55 resistance level. We should focus on whether the price can break above this level. If it breaks and holds, the short-term will strengthen again, with particular attention to the breakthrough of the 9.55 resistance level and short-term support at 9.43.
From the daily view of Ethereum, the daily chart has consecutively shown dojis again, with the price gradually oscillating within the MA60-10 day moving average range of 1835-1790. On the 4-hour level, we continue to focus on the MA256 moving average at 1770, which serves as a short-term dividing line for bulls and bears.
Afternoon Operation Strategy (Written at: 13:00):
BTC: Long at 9.43, add to long at 9.35 on a pullback, target 9.5/9.55; short at 9.55/9.6 looking for 9.45/9.4
ETH: Long at 1790, add to long at 1760 on a pullback, target 1830/1850; short at 1830/1850 looking for 1800/1770
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 a message below for discussion. I will reply to everyone one by one!