Analyst Chen Shu: April 20 Afternoon Bitcoin and Ethereum Market Strategy Report, Continuing Narrow Fluctuations with Focus on Breakouts

From the daily chart, Bitcoin is experiencing continuous narrow fluctuations, with the MA60 moving average being adjusted downwards. The price is approaching a resistance level of 8.52, and the fluctuation range is narrowing again. If it can break and stabilize above the MA60 moving average, it may strengthen again.

Ethereum had a slight rebound last night, peaking at around 1630. Currently, the price is above the MA256 moving average at the hourly level, standing above 1600. We will monitor whether it can continue to hold above this level.

Afternoon Trading Strategy (Written at: 14:00):

BTC: Continue to treat it within the range of 8.45-8.55, waiting for a breakout to provide further analysis.

ETH: Treat it with high sell and low buy within the range of 1590-1630.

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

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