Analyst Chen Shu: 4.2 Afternoon Bitcoin and Ethereum Market Strategy Report, Short-term rebound meets resistance at 8.5, daily line first short then long
From the daily chart, Bitcoin formed a red candlestick yesterday, with the price reaching the daily MA30 moving average at 8.47. The short-term rebound has stalled, and we need to pay attention to whether the price can stabilize above 8.5 today. This level is also the resistance level of the daily MA256 moving average. If it cannot stabilize, we will consider it as a short-term pullback, with a support level to watch at 8.35.
From the daily chart, Ethereum also formed a red candlestick yesterday, with the price once again testing the low point around 1750 before rebounding. Whether this rebound can continue depends on whether the MA30 moving average at 1980 can break through and stabilize. Before stabilizing at 1980, it should be treated as a weak oscillation.
Afternoon operation ideas (drafting time: 12:30):
BTC: Current price 8.45, first short, increase short position at 8.52, target at 8.35/8.2; Long position can be made near 8.35 to look for short-term rebound.
ETH: Current price 1880, initial short position, increase short position at 1900/1920, target at 1850/1830; Long position follows Bitcoin synchronously.
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