Analyst Chen Shu: 12.2 Bitcoin Ethereum rebound at 8.8 resistance level, yesterday's long position profited
Last night's article analysis suggested going long on Bitcoin at 8.4 and Ethereum at 2750/2700, with the long positions entering successfully and gaining 3000/80 points. Congratulations to those who followed the operation.
From the daily chart of Bitcoin, it tested the bottom again at the low point of 8.37 yesterday, and is currently rebounding after testing the bottom again. The upper resistance level focuses on the MA256 daily moving average line at 8.82 for the 1-hour level, which can be treated as a watershed for long and short positions. The daily resistance level focuses on the MA5/10 daily moving average line at 8.9. Currently, the 4-hour chart has continuously closed with red K-lines, and we should pay attention to the suppression situation at the MA60 daily moving average line at 8.85.
From the daily chart of Ethereum, the daily chart is under pressure as it tested the low point support at 2700 again. The daily resistance level focuses on the breakthrough and stability of the MA5/10 daily moving average line at 2930, while for the 1-hour level, it is continuously under pressure from the MA30 daily moving average line at around 2800, and we should pay attention to the breakthrough and stability of this line.
Afternoon operation strategy (writing time: 14:20):
BTC: 8.6 long, add to long at 8.5 on pullback, target 8.7/8.85; above 8.8/8.9 short for a 1-2000 point pullback
ETH: 2785 long, add to long at 2730 on pullback, target 2840/2880; above 2900/2960 short for 6-100 points
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave messages below for discussion; I will reply one by one $BTC
