Analyst Chen Shu: 12.8 Bitcoin Ethereum yesterday's long position profit focuses on the 9.25 resistance level breakthrough, is the rebound continuing?
Yesterday's afternoon analysis article suggested buying Bitcoin at 8.8, and the long position successfully retraced to enter, reaching a maximum rebound of 9.2, gaining 4000 points.
From the daily chart of Bitcoin, the daily line currently shows 2 consecutive bullish candles, with prices rebounding close to the daily MA30 moving average resistance at 9.24. In the short term, focus on the breakthrough and stabilization of this level; if it breaks and stabilizes, the rebound will continue; otherwise, it will undergo short-term oscillation and adjustment. It is expected that the main focus will still be on the rebound, paying attention to the breakthrough situation at 9.24, while the support level focuses on 9.1.
From the daily chart of Ethereum, the daily trend is basically consistent with the analysis in previous articles, with the market reaching the key resistance at the daily MA256 moving average at 3190. A rebound breakthrough will result in a bullish uptrend, while a failure to test 3190 will cause a slight retracement and continue to oscillate and build momentum. At the same time, pay attention to the testing of the 4-hour MA256 moving average resistance level at 3250.
Afternoon operation ideas (writing time: 18:00):
BTC: 9.1 long, retrace to 90,000 to add long, target 9.25/9.35; above 9.35/9.45 short looking for a 1-2000 point retracement.
ETH: 3100 long, retrace to 3030 to add long, target 3180/3250; above 3200/3280 add short looking for a 6-100 point retracement.
The daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave a message below for discussion; I will reply one by one $BTC
