Analyst Chen Shu: 1.6 Bitcoin Ethereum yesterday's strategy profited, looking to continue going long on pullbacks today.

From the daily chart, Bitcoin closed with a large bullish candle yesterday, reaching a high of 9.45. This level is also the resistance mentioned in yesterday's article. Today, pay attention to the breakout and stability around the 9.45-9.5 range. On the 4-hour chart, the short-term is currently starting to pull back, and there is a need to watch for support at the MA10 daily moving average around 9.3. If it pulls back to this level, it is still a good opportunity to enter long positions. The resistance level to watch is 9.45-9.5.

From the daily chart, Ethereum is approaching the MA256 daily moving average resistance at 3340. The key short-term resistance level to focus on is 3350. If this level is reached, consider a small stop-loss to short once. The support levels to watch are the MA10 daily moving average at 3180 on the 4-hour chart and the MA30/60 daily moving averages at 3200/3160 on the 1-hour chart.

Afternoon trading strategy (written at 13:30):

BTC: Long at 9.33, add to long at 9.25 on pullback, target 9.4/9.5; short at 9.5/9.6 looking for a 1-2000 point pullback.

ETH: Long at 3180, add to long at 3130 on pullback, target 3250/3300; short at 3280/3340 looking for a 6-100 point pullback.

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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