Analyst Chen Shu: January 17 Afternoon Bitcoin and Ethereum Market Strategy

On January 16, the afternoon article analysis provided Bitcoin and Ethereum long and short strategies. Bitcoin suggested a long position at 9.86/78, while Ethereum suggested a long position at 3320/3260. Bitcoin gained 4000 points, and Ethereum gained over 100 points. Congratulations to those who followed the operations. For the current short-term rebound, please see the analysis below.

From the daily chart of Bitcoin, yesterday's daily line closed with a green candlestick with a lower shadow, rebounding after testing the daily MA60 moving average. The short-term pullback confirms support, and the bullish trend is evident. The resistance level refers to the previous high during the decline, which is around 10.25. The 4-hour chart shows the overall price moving upwards around the MA5/10 moving averages, indicating a clear bullish trend. As analyzed in yesterday's article, the price pulled back to the MA256 moving average and then made a significant rebound. The daily operation continues to treat pullbacks as opportunities to go long.

From the daily chart of Ethereum, yesterday's daily line closed with a green candlestick. The price broke above the daily MA30 moving average and then slightly retraced to test the MA5/10 moving averages. Currently, the overall market is in a narrow range of 3280-3380. The short-term resistance level on the 4-hour chart is at the MA120 moving average, around 3380, while the support level is at 3300/3250.

Afternoon Operation Ideas (Written at 14:00):

BTC: Light long at 10.03, add to long on pullback at 9.95, target 10.1/10.2; consider short positions above 10.3.

ETH: Light long at 3310, add to long on rebound at 3250, target 3400/3450, short positions follow Bitcoin synchronously.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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