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$BTC $ETH Trader Yuxin: 2.26 Bitcoin and Ethereum rebound incoming, pullbacks have support and may continue to rise
Looking at the daily chart, Bitcoin closed with a bullish candle yesterday, with the price directly breaking through the key resistance levels of MA5/10 moving averages. Today, continue to watch the MA30 daily moving average at 71,000. If it can rise again and stabilize above this level, it is likely to maintain a bullish trend. On the 4-hour chart, focus on the support levels during the pullback at the MA120 daily moving average of 6.78K and the 6.65K level, as well as the MA256 hourly moving average at 6.7K. During a pullback, consider entering long positions for a rebound.
Ethereum, from the daily chart, closed with a large bullish candle yesterday, approaching the MA30 daily moving average at 2130. Today, continue to monitor the breakout of 2130. If it can break and stabilize above 2150, a short-term rebound towards 2500 is expected. Support levels during a pullback include the MA256 hourly moving average at 1950 and the MA120 daily moving average at 1980. If pullback opportunities arise, consider going long for a rally.
Lunchtime trading ideas (draft time: 4:10):
BTC: Long at 6.8K, add to long on pullback to 6.7K, target 70K/71K; short above 7.2K expecting a 2000-point pullback
ETH: Long at 2050, add to long on pullback to 1980, target 2150/2200; short above 2250/2350 expecting a 100-point pullback
Daily analysis strategy has a very high success rate! Analysis is not easy, so please give a free follow, bookmark, like, and comment. Thank you all. Feel free to leave comments below; I will reply to each one.