Analyst Chen Shu: 5.16 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term Slight Strength, Look for Bullish on Intra-day Pullback

From the daily chart, Bitcoin formed a red doji yesterday, and the price once again stands above the daily MA5 moving average. The short-term support to focus on is 10.35/10.3. At the same time, from the 4-hour view, the price also stands above the MA30 moving average, suggesting to go long on the pullback and look for bullish, while the resistance level is 10.5/10.6.

Looking at Ethereum from the daily chart, it formed a green K-line yesterday, and the price remains near the MA5 moving average, oscillating and adjusting. The resistance level still focuses on the MA256 moving average at 2650, paying attention to whether it can break and stay above 2650 during the day, while the short-term support focuses on the 4-hour MA30 moving average at 2550.

Afternoon Trading Strategy (Writing Time: 14:00):

BTC: Long at 10.37, add long at 10.3, target 10.45/10.55; consider short near 10.6.

ETH: Long at 2570, add short at 2530, target 2630/2660; short synchronized with Bitcoin.

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