Analyst Chen Shu: On October 2nd, a significant surge, focusing on the upper 120,000 integer level, Bitcoin and Ethereum trend analysis.

From the daily chart of Bitcoin, yesterday saw a strong price surge that broke above the MA60 daily moving average at 114,000. The upper resistance level to watch is the previous high point around 120,000. Observing the breakout and stabilization at this level can be seen as the current short-term rebound resistance. Support is seen at the previous high point around 117,000. If it retraces to 117,000 and holds, it can be viewed as a top-bottom conversion point. For short-term support during the retracement, focus on the 4-hour MA5 daily moving average and the 1-hour MA5/10 daily moving averages.

From the daily chart of Ethereum, yesterday also closed with a bullish candle, with the price rebounding to the MA60 daily moving average at the 4330/4350 resistance level. For short-term support during the day, focus on the 4350 level. If it holds, it is expected to continue upward. On the 4-hour chart, the current price has rebounded to the short-term resistance level at the MA256 daily moving average around 4380. Pay attention to the breakout situation at this resistance level.

Midday trading strategy (written at 12:00):

BTC: Long at 117,000, add to long at 116,000 on pullback, target 118,000/119,000; short at 120,000/121,000 looking for a 1,000-2,000 point pullback.

ETH: Long at 4300, add to long at 4250 on pullback, target 4260/4400; short at 4450/4500 looking for a 600-1,000 point pullback.

Daily analysis strategy has a very high win rate! Analysis is not easy, 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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