Analyst Chen Shu: 4.4 Afternoon Bitcoin and Ethereum Market Strategy Report, Weak Fluctuations Still Need to Look Down to 8.08

From the daily chart of Bitcoin, yesterday closed with a small red K-line, and the price remains below the daily MA30 moving average. Meanwhile, the support below focuses on the MA256 moving average at the 8.08 level. We will first view the range of 8.42-8.08 as a fluctuation and wait for a breakout to observe. The short-term resistance level is at the 1-hour MA120 moving average of 8.34; if touched, consider shorting.

From the daily chart of Ethereum, yesterday the price once again broke lower, reaching a low point around 1750. Overall, the moving average indicators show a one-sided downward trend. Before breaking this line of 1950, continue to look bearish. On the 4-hour level, today’s rebound high resistance level focuses on the 1835 high; if touched, consider shorting.

Afternoon Operation Thoughts (Written at: 12:30):

BTC: Short at 8.33, add to short on a rebound at 8.45, target at 8.2/8.08; for long positions, consider going long around 8.07/80,000 for a short-term rebound.

ETH: Short at 1800, add to short on a rebound at 1835, target at 1760/1730; long positions 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, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply one by one!

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