Analyst Chen Shu: 5.1 Afternoon Bitcoin and Ethereum Market Analysis Strategy, High-Level Consolidation Focus on Breaking Through the 9.55 Resistance Level

From the daily chart of Bitcoin, yesterday closed with a green doji, and the price retraced to the daily MA10 moving average. The overall trend has recently been suppressed by the 9.55 resistance level. We should pay attention to whether the price can break above this level. If it breaks and holds above, the short-term will strengthen again, with a key focus on breaking the 9.55 resistance level. The short-term support to watch is the 9.43 level.

From the daily chart of Ethereum, it has once again closed with consecutive dojis, and the price is gradually oscillating within the MA60-10 moving average range of 1835-1790. On the 4-hour level, we should continue to focus on the MA256 daily moving average at 1770, which serves as the dividing line for bulls and bears in the short term.

Afternoon Trading Strategy (Written at: 13:00):

BTC: Buy at 9.43, add to long at 9.35 on pullback, target 9.5/9.55; short at 9.55/9.6 looking for 9.45/9.4

ETH: Buy at 1790, add to long at 1760 on pullback, target 1830/1850; short at 1830/1850 looking for 1800/1770

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 a message below for discussion; I will reply to each one!

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