Analyst Chen Shu: 10.24 Continuous rebound focus on pressure level breakthrough, Bitcoin and Ethereum trend analysis

From the daily chart of Bitcoin, the price rebounded yesterday, breaking through the MA5/10 moving averages, and short-term it has once again stood above 110,000, ending the one-sided downward trend. On the 4-hour level, the lows are continuously rising, with significant resistance at the 11.4/11.45 level. On the 1-hour level, the short-term has crossed above the MA256 moving average and is currently stabilizing above this line. Focus on whether it can hold above 10.95; if it does, we will continue to look for a rebound.

From the daily chart of Ethereum, the short-term has temporarily stopped falling and is once again testing the MA120 moving average at the 3930 resistance level. We still need to pay close attention to whether the price can break and stabilize above 3930. On the 1-hour level, we should focus on the breakout and stabilization of the price range between 3900-3950. Currently, the key resistance level for the trend rebound is this; if it touches for the first time, consider a light short position.

Afternoon operation thoughts (writing time: 12:30):

BTC: Long at 10.96, add to long on a pullback to 10.88, target 11.05/11.15; short at 11.35/11.45 looking for a 2000-point pullback.

ETH: Small stop-loss short at 3930-50, target 5-80 points; long at 3860/3800 looking for an 8-150 point rebound.

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 a message below for discussion; I will reply one by one.

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