Analyst Chen Shu: 4.8 Afternoon Bitcoin and Ethereum Market Strategy Report, Focus on the Key Resistance Level of 8.1 for Breakthrough

From the daily chart of Bitcoin, the price rebounded from a low point yesterday to around the weekly MA60 line at approximately 7.45. The daily candle yesterday closed with a lower shadow, and the price rebounded to the MA256 line at 8.1 before pulling back. Currently, the price has touched this line again, and we need to pay attention to whether it can break through and stabilize above 8.1. If it stabilizes, it will signal the end of the one-sided downward trend in the short term; otherwise, the bearish trend will continue downward.

From the daily chart of Ethereum, the price touched a low point of 1400 yesterday. Although the price has rebounded to around 1600 after further probing, the overall daily trend remains bearish. We should not consider a reversal until the weak market stabilizes above the key resistance level, and instead, we should treat it as a downward continuation.

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

BTC: Light long at 7.95/7.9, looking for a rebound around 2000 points; short above 8.13, add to short at 8.2, target 8.0/7.9.

ETH: Light long at 1570/1540, looking for around 1650; short above 1650/1700, target around 1600/1550.

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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