Analyst Chen Shu: September 30th Bottom Rebound Focus on Pullback Strength, Bitcoin and Ethereum Trend Analysis

From the daily chart of Bitcoin, it has closed with two consecutive bullish candles, breaking through the MA120 daily moving average and currently reaching the 11.4 level. The upper resistance level to watch is the 11.55-11.6 range. On the 4-hour chart, the short-term price has surged and then retreated, stagnating at the 11.38 level, which is the 4-hour MA120 daily moving average. Pay attention to the gains and losses at this level. On the 1-hour chart, it has broken through the MA256 daily moving average and started to consolidate at a high level. In the short term, there is a need for a pullback, with support levels to watch at 11.35/11.23.

From the daily chart of Ethereum, it has rebounded multiple times and currently reached the 4200 level. The upper resistance levels to watch are the MA30/60 moving averages at 4300/4340. Upon the first touch, consider shorting to look for a pullback. On the 1-hour chart, after a slight pullback following a breakout of the MA256 daily moving average, the support to watch for the pullback is the MA256 daily moving average at the 4180 level.

Afternoon Trading Strategy (Written at: 15:00):

BTC: Long at 11.32, add to long on pullback at 11.23, target 11.4/11.5; short at 11.55/11.65 looking for a 1-2000 point pullback.

ETH: Long at 4130, add to long on pullback at 4070, target 4200/4300; short at 4300/4400 looking for a 6-100 point 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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