Analyst Chen Shu: 5.18 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term Fluctuation Adjustment and Rebound to Continue Going Long

From the daily chart of Bitcoin, the current price is fluctuating around the MA5/10-day moving average at 10.35. Pay attention to whether the price can stabilize at 10.35 to start a new phase of upward movement. On the 4-hour chart, it is currently holding above the MA60-day moving average, so watch for any potential breakdown. Meanwhile, on the 1-hour chart, the key short-term support is at the MA256-day moving average at 10.28. If it retraces to this level during the day, it can be a good opportunity to go long.

From the daily chart of Ethereum, the price has currently dropped below the MA5/10-day moving average, specifically below 2530. If it can regain stability above 2530, it will continue to test the MA256-day moving average at 2650. On the 4-hour chart, support is seen at the MA60-day moving average at 2480 and the 1-hour MA256-day moving average at 2430. A retracement to these two positions can also be a good opportunity to go long.

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

BTC: Current price 10.35 to go long, add to long at 10.28, target 10.45/10.5; consider short positions around 10.5/10.6.

ETH: Current price 2505 to go long, add to long at 2450, target 2550/2600; consider short positions at 2560/2650.

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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