Analyst Chen Shu: 5.12 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term High Position Pullback Focus on Retracement Strength

The Bitcoin strategy given yesterday was to go long at 10.36. The market pulled back to around 10.32 and then rebounded to around 10.5, resulting in a small profit from the long position strategy. Currently, from the daily chart perspective, the price has pulled back to the daily MA5 moving average at 10.38. We need to pay attention to whether this level can hold. On the 4-hour chart, we focus on the MA30 moving average at 10.2, which is also the MA120 moving average on the 1-hour chart. If there is a pullback during the day, we will look at this level.

From the daily perspective of Ethereum, the price touched the MA256 moving average near 2650 yesterday and then began to see a short-term peak and pullback. During the day, we continue to focus on this resistance level for the rebound. The first target for the pullback is the daily MA60 moving average and the level around 2460, as well as the MA5 moving average at 2430.

Afternoon Operation Thoughts (Written at: 14:30):

BTC: Long at 10.26, add long at 10.2, target 10.4/10.45; consider shorting at 10.65

ETH: Long at 2435, add long at 2400, target 2500/2550; consider shorting at around 2650/2700

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 for discussion; I will reply to each one!

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