Analyst Chen Shu: How Long Can the Bulls Last After the Positive News on 9.18? Midday Analysis and Strategy for Bitcoin and Ethereum

From the daily chart of Bitcoin, the positive impact brought by the interest rate cut yesterday was not significant. The price rose to 11.78 and is currently experiencing a slight pullback. The upper resistance level to watch is the previous resistance at 11.85. On the 4-hour chart, it is currently maintaining above the MA256 daily moving average, and it is expected to continue the upward rebound in the short term. The strategy is to treat pullbacks as buying opportunities.

From the daily chart of Ethereum, the current price is maintaining above the MA5/10 daily moving averages. The upper resistance levels to watch are 4670/4700. The short-term rebound strength is relatively weak, and the support for the pullback is at the 1-hour MA256 daily moving average around 4480. Currently, we should pay attention to the strength of the pullback after the short-term rise.

Midday Trading Thoughts (Written at: 15:40):

BTC: Buy at 11.62, add to long at 11.55 on pullback, target 11.7; short at 11.75/11.85 looking for a 1-2000 point pullback.

ETH: Short at 4660, add to short at 4720, target 4550/4500; buy at 4450/4400 looking for a 6-100 point rebound.

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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