Analyst Chen Shu: April 22 Afternoon Bitcoin and Ethereum Market Strategy Report, Daily Line Breakout Focus on Previous High Resistance Level

Yesterday's afternoon article analysis provided Bitcoin at 8.73 long/8.65 add long, Ethereum at 1640/1610 long. The afternoon pullback for Bitcoin provided a perfect entry position, rebounding to a high of 8.8, while Ethereum rebounded to around 1640, with long positions securing a profit of 1500 points, and Ethereum making a small profit. Congratulations to friends who followed the strategy.

From the daily chart of Bitcoin, yesterday's bullish candle pushed the price up to the previous consolidation high of 8.85/8.88. Currently, in the short term, it is encountering resistance at 8.88 and has slightly retreated. The daily focus is on whether the 8.88 resistance level can be broken and held. If it breaks and holds, the short term may test 90,000 again; otherwise, it may pull back to 85,000.

From the daily view of Ethereum, the price continues to maintain a weak oscillation, rebounding to 1640 before quickly dropping. The overall trend is relatively weak, and it is expected that the price will remain around 1590 as the center point for oscillation adjustment. On the 1/4 hour chart, the short-term resistance level is at 1600/1610, with trend resistance at 1630.

Afternoon Operation Thoughts (Written at: 12:30):

BTC: Long at 8.76, add long on pullback to 8.7, target 8.85/8.9; above 8.9, consider shorting on short-term pullback.

ETH: Short at 1600, add short on rebound to 1630, target 1560/1530; consider long positions at 1530/1550.

The daily analysis strategy has a very high win rate! Analysis is not easy, and 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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