Analyst Chen Shu: April 3 Afternoon Bitcoin and Ethereum Market Strategy Report, after a surge, there is still pressure above, pay attention to the 8.45 resistance level.

From the daily chart, Bitcoin closed with a long upper shadow green candlestick yesterday, with the price approaching the MA60 daily moving average resistance level. After the pullback, it returned to below the MA30 daily moving average, specifically below 8.45. During the day, pay attention to whether the price can break through and stabilize above 8.45. At the same time, on the hourly chart, the price has once again fallen below the MA256 daily moving average. The short-term resistance level is focused on 8.45/8.5, while the support level is focused on 8.07.

From the daily chart, Ethereum's price touched near the MA30 daily moving average at around 1960 yesterday, and then fell back to the support level of around 1800. On the 4-hour chart, the price reached around 1950 yesterday, with short-term support at around 1780 and resistance at 1845/1865.

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

BTC: Short at 8.45, add to short at 8.52 on rebound, target at 8.35/8.2/8.07; Long positions can be taken near 8.07/80, looking for a short-term rebound.

ETH: Short at 1845, add to short at 1870 on rebound, target at 1800/1760; Long positions should follow Bitcoin synchronously.

The 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 comments below; I will reply to each one!

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