Analyst Chen Shu: How long can the bull market last after the positive news on September 18th? Analysis of Bitcoin and Ethereum market trends at noon
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Analyst Chen Shu asks: How long can the bullish momentum last after the September 18th positive news? Midday Bitcoin and Ethereum market analysis strategy. Yesterday's midday analysis article suggested a long position on Ethereum at 4480. After the market corrected, we successfully entered the market, which rebounded to a high of 4640, securing a 150-point gain. Congratulations to those who followed along. Looking at the daily chart, Bitcoin's positive impact from yesterday's interest rate cut was not significant. After rising to 11.78, the price is currently experiencing a slight pullback. Above, resistance is at 11.85. On the 4-hour chart, the price is currently trading above the 256-day moving average (MA256). In the short term, we expect further upward momentum. We should prioritize buying on pullbacks. Looking at the daily chart, Ethereum is currently trading above the 5/10 MA256-day moving average (MA5/10), with resistance at 4670/4700. Short-term rebounds are weak, with support at the 1-hour MA256-day moving average (MA256) at 4480. The strength of the pullback should be monitored. Lunchtime operation ideas (writing time: 15:40):
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