Analyst Chen Shu: 1.9 Afternoon Bitcoin and Ethereum Market Strategy * No. 1, Weak Rebound Still Needs to Short Watch 9.5 Gains and Losses
1.8 Afternoon article analysis provided Bitcoin and Ethereum long and short strategy, Bitcoin suggested long at 9.45/short at 9.68, while Ethereum suggested short at 3380, successfully profiting from a 180-point pullback profit space, the strategic thinking is basically correct, currently how to operate in the short-term low-level fluctuations please see the following analysis.
From the daily chart of Bitcoin, yesterday's daily line closed with a green K-line with a lower shadow, the price has completely fallen below the daily MA60 moving average support. From the daily level, if it cannot return above 9.7, it will show a pullback trend, while at the weekly level, the key pressure point for the short-term is the MA10 moving average at 9.53; looking at the 4-hour chart, yesterday's downward trend saw a short-term rebound that could not break through the MA5/10 moving averages, indicating a clear weak pullback, it is recommended to focus on shorting during rebounds.
From the daily chart of Ethereum, yesterday's daily line once again closed with a bearish K-line, and the price further declined. The current short-term support level on the daily line is at 3100/3080, and based on the current trend, the likelihood of a pullback to this level is high; looking at the 4-hour chart, although the degree of decline has reduced, the rebound not breaking through the MA5/10 moving averages still indicates a weak stance.
Afternoon operation ideas (written at: 14:30):
BTC: Short lightly at 9.46, add to short position at 9.55 on rebound, target 9.4/9.3
ETH: Short lightly at 3340, add to short position at 3400 on rebound, target 3300/3200
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