Analyst Chen Shu: 3.4 Bitcoin and Ethereum fluctuating market unable to break through consolidation zone, focus on breakout direction

From the daily chart of Bitcoin, in the short term it seems to have stabilized above the daily MA5/10 moving averages. If it can consistently remain above this line, it is expected to continue challenging the upper resistance of the consolidation area, specifically the range of 70,000-71,000. On the 4-hour level, the short-term pullback has held the dense support level at 66,500-67,500; maintaining this line in the short term is likely to lead to further increases. First, focus on the continuity of the short-term rebound, and in terms of operations, it can lean towards a buy on the pullback strategy.

From the daily chart of Ethereum, the current daily rebound is approaching the MA30 moving average at 2,000. The lower support is seen at the MA5/10 moving averages, while the upper pressure zone is in the range of 2,080-2,150. On the 4-hour level, if it holds steady at 1,950 in the short term, it is expected to continue the rebound momentum. During the day, one can also consider buying on the pullback at 1,950 as long as the support remains intact.

Midday trading strategy (written at: 16:20):

BTC: Buy at 6.8, add to long position on pullback to 6.65, target 70,000/71,000; sell at 71,000/72,000 looking for a 2,000 point pullback

ETH: Buy at 1,980, add to long position on pullback to 1,935, target 2,050/2,080; sell at 2,100/2,150 looking for a 100 point pullback

Daily analysis strategy has a high win rate! Analysis is not easy, hope everyone can click a free follow, save, like, and comment, thank you all, and everyone is welcome to leave messages below for discussion, I will reply one by one

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