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Analyst Chen Shu: 4.3 Afternoon Bitcoin and Ethereum Market Strategy Report, after a surge and pullback, there is still resistance above, focus on the 8.45 resistance level.
From the daily chart, Bitcoin had a green candlestick with a long upper shadow yesterday. The price approached the MA60 resistance level, and after a pullback, it returned below the MA30, specifically below 8.45. During the day, attention is on whether the price can break through and stay above 8.45. At the same time, from the hourly perspective, the price has dropped again below the MA256. For short-term resistance levels, watch 8.45/8.5, while support levels should focus on 8.07.
Ethereum, from the daily chart, saw the price touch the MA30 moving average near 1960 yesterday, and then quickly returned to the support at the low point of around 1800. On the 4-hour chart, the price reached up to the 1950 line yesterday, with short-term support looking at the 1780 line, and the resistance levels at 1845/1865.
Afternoon operation strategy (writing time: 13:00):
BTC: Short at 8.45, add to short on a rebound at 8.52, target looking at 8.35/8.2/8.07; for long positions, look to go long around 8.07/80,000 for a short-term rebound.
ETH: Short at 1845, add short on rebound at 1870, target 1800/1760; long position follows Bitcoin sync.
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