Analyst Chen Shu: 2.14 noon BTC, ETH market strategy * No. 1, range adjustment follow above 9.72 resistance level

  

From the daily chart of BTC, yesterday's daily K-line closed with a green candle, and the price is still suppressed by the MA60 moving average, that is, the 9.86 level. The key resistance level in the short term is to follow this line. The breakthrough and stabilization of this level will end the short-term range-bound market. In the 4-hour chart, the short-term is suppressed by the MA60 moving average, that is, the 9.7 level. At the same time, in the 1-hour chart, it can be clearly seen that the recent market has repeatedly tested the MA256 moving average, that is, the 9.72 position's resistance level, and the overall market is still dominated by range-bound fluctuations.

From the daily chart of Ethereum, the price is currently overall above the MA5/10 moving average, with short-term support around 2670. At the same time, the 4-hour timeframe is also currently above the MA60 moving average, following the effectiveness of this level. The 1-hour timeframe is following the effectiveness of the support around 2700, namely the MA256 moving average.

Midday trading strategy (drafting time: 15:00):

BTC: 9.72 short, add short at 9.8 on rebound, target 9.6/9.5; consider long position at 9.5-9.6 resistance level
 

ETH: 2730 short position, add to 2780 short position, target 2700/2650; follow the BTC long for short-term
  

Daily analysis strategy has a very high success rate! Analysis is not easy, I hope everyone can follow, bookmark, like, and comment for free, thank you, and welcome everyone to discuss below, I will reply one by one!

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