Analyst Chen Shu: 5.20 Afternoon Bitcoin and Ethereum Market Analysis Strategy, Short-term Recovery Focus on 10.4 Support

From the daily chart of Bitcoin, the price yesterday dipped below the daily MA5/10 moving averages but has since recovered. Currently, the short-term support to watch is the daily 10.48/10.4 level. On the 4-hour chart, there have been consecutive red candlesticks, and the price is maintaining above the MA5/10 moving averages. The key short-term support to focus on is the 4-hour MA30/60 moving averages at the 10.4 level.

For Ethereum, from the daily perspective, yesterday's daily chart formed a red candlestick with a long lower shadow. The key short-term resistance remains at the daily MA256 moving average, which is around the 2650 level. During the day, pay attention to the breakout situation at this resistance level, while the short-term support can be observed at the 1-hour MA256 moving average around the 2510 level.

Afternoon Trading Ideas (Written at: 14:30):

BTC: Buy at 10.48, add to position at 10.4, target 10.55/10.65; consider short positions above 10.7.

ETH: Buy at 2510, add to position at 2470, target 2560/2600; short at the 2650/2700 level.

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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