Analyst Chen Shu: April 21 Afternoon Bitcoin and Ethereum Market Strategy Report, Daily Line Breakout Focus on Previous High Resistance Levels

From the daily chart of Bitcoin, after a week of narrow fluctuations and consolidation, the market showed a short-term strength this morning, breaking through the daily MA60 moving average at the 8.5 resistance level, as well as the previous high points of 8.85-8.88. Attention should also be paid to the weekly MA30 moving average and the 8.8 resistance level. For short-term trading, the main strategy is to buy on dips.

From the daily chart of Ethereum, the previous range of fluctuations is about to be broken. Today, the daily line also closed with a red candlestick. Looking at the 4-hour chart, the short-term strength has caused the price to rebound to the MA120 moving average at the 1650 level. We need to pay attention to whether the price can break and stabilize above 1650, which would continue the rebound and test the daily resistance at 1735.

Afternoon Trading Strategy (Written at: 14:00):

BTC: Buy at 8.73, add to the position on a pullback to 8.65, target 8.85/8.9; above 8.9, consider shorting on short-term pullbacks.

ETH: Buy at 1640, add to the position on a pullback to 1610, target 1680/1730; consider shorting at the 1730 level to look for a pullback.

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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