Analyst Chen Shu: 5.20 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term Rebound Focus on 10.4 Support

From the daily chart, Bitcoin's price dipped below the daily MA5/10 moving averages yesterday, but has since recovered. Currently, the short-term support focuses on the daily 10.48/10.4 levels. The 4-hour chart shows consecutive red K-lines with prices maintaining above the MA5/10 moving averages. The key short-term support is at the 4-hour MA30/60 moving averages, specifically around the 10.4 level.

From the daily chart, Ethereum saw another long lower shadow red K-line yesterday. The critical short-term resistance remains at the daily MA256 moving average, specifically at the 2650 level. The intraday rebound resistance should pay attention to the breakout situation at this level, while the short-term support focuses on the 1-hour MA256 moving average at the 2510 level.

Afternoon Trading Strategy (Written at: 14:30):

BTC: Long at 10.48, add to long at 10.4, target 10.55/10.65; consider short positions above 10.7.

ETH: Long at 2510, add to long at 2470, target 2560/2600; short at the 2650/2700 level above.

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