btc

Analyst Chen Shu: 2.28 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, the downward trend continues with a focus on 7.76-7.6

From the daily chart, Bitcoin shows a continuous one-sided decline, with the rebound not surpassing the MA5 daily moving average. Currently, it is approaching the daily MA256 moving average at the 7.76 level. During the day, we will pay attention to whether the decline stops at this level. At the monthly level, the price has broken below the MA5 daily moving average and is about to reach the MA10 daily moving average at the 7.6 level. On the 4-hour level, the market rebounded to the MA5/10 daily moving averages and then randomly declined again. In the short term, the MA5/10 daily moving averages can be used as entry points for short positions.

From the daily chart, Ethereum also shows a similar one-sided decline, with the rebound not surpassing the daily MA5 moving average. At the weekly level, it has currently dropped to the MA256 moving average, and at the monthly level, it has fallen to the MA60 moving average. Overall, the market has basically broken all support levels. The 4-hour MA5/10 daily moving averages can be used as entry points for short positions.

Afternoon Operation Thoughts (Written at: 15:30):

BTC: Light short at 8.15, add to short at rebound to 8.3, target at 7.9/80, consider light long at 7.76/7.6 levels below.

ETH: Light short at 2160, add to short at rebound to 2230, target at 2100/2000; long positions synchronized with Bitcoin.

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 for discussion; I will reply one by one!

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