Analyst Chen Shu: How to operate in the one-sided decline of Bitcoin and Ethereum on February 24, focus on the strength of the rebound

From the daily chart of Bitcoin, the prices of yesterday and today once again closed with solid bearish candles and have not stopped falling. The short-term resistance level still looks at the MA5/10 day moving averages at 6.6/6.7. For major support, focus on the weekly MA256 day moving average at 5.5. On the 4-hour level, the strength of the short-term rebound is weak and has not tested the MA10 day moving average upwards; on the 1-hour level, pay attention to whether it can rebound and break through to stabilize above 6.4. It is recommended to treat this as a weak sideways market.

From the daily chart of Ethereum, yesterday closed with a small bearish candle, and the price has been under pressure from the MA5/10 day moving averages. The support level below focuses on the previous low of 1730; if it declines again during the day, first observe the stop-loss situation at this level. On the 4-hour level, look at the dense resistance level above at the price range of 1900/2000, focusing on the direction of the breakout from the oscillation range.

Midday operation strategy (writing time: 13:50):

BTC: Sell at 6.4, increase short at 6.5 on rebound, target 6.3/6.2; below 6.2/6.1, attempt short-term buy to look at 2000 points

ETH: Sell at 1860, increase short at 1930 on rebound, target 1800/1750; below 1750/1700, buy to look at 100 points rebound

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click for a free follow, collect, like, and comment, thank you all, and feel free to leave messages for discussion below, I will reply one by one

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