Analyst Chen Shu: 5.11 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Prices Remain Strong and Continue to Pull Back for More Buys

From the daily chart of Bitcoin, it closed in the green again yesterday, rising to the high point of 10.5. The bullish momentum continues, and the price remains above the MA5 daily moving average. On the 4-hour chart, short-term support can be observed at the MA5/10 daily moving averages and the 10.35 level. The resistance level is at the daily line of 10.65. The intraday operation should still focus on buying on pullbacks.

From the daily chart of Ethereum, it continued the previous significant upward trend, directly breaking through the 2600 USD high point yesterday. The daily line is currently at the MA256 daily moving average resistance level of 2650, as well as the weekly MA30 daily moving average at 2700. On the 4-hour chart, the price is steadily moving upwards along the MA5 daily moving average, and pullbacks can continue to be bought with a bullish target of 2650/2700.

Afternoon Operation Thoughts (Written at: 14:00):

BTC: Buy at 10.36, add more at 10.28, target 10.45/10.5; consider short positions at 10.65.

ETH: Buy at 2540, add more at 2500, target 2600/2650/2700; consider short positions at the 2650/2700 level.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one!

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