Analyst Chen Shu: Bitcoin and Ethereum are currently consolidating sideways in the short term; pay attention to the key direction of support and resistance breakouts.

Analyst Chen Shu: Bitcoin and Ethereum are consolidating sideways in the short term. Focus on the key direction of support and resistance breakouts. Yesterday's analysis suggested a buy-on-dip strategy, and both Bitcoin and Ethereum long positions yielded small profits. Congratulations to those who followed the strategy. Looking at the daily chart for Bitcoin, yesterday's candlestick was green, with the price continuing to be suppressed by the 30-day moving average (MA30) at 9.36. If it breaks through and holds above this level in the short term, it may continue this rebound. On the 4-hour chart, the key short-term support level is around 90,000, which is also the 256-day moving average (MA256) support on the 1-hour chart. First, pay attention to the direction of the breakout from this key support/resistance level. Looking at the daily chart for Ethereum, it continues to consolidate around the 256-day moving average (MA256) at 3180. 3180 is a key short-term support/resistance level. If it continues to be pressured and fails to break through, it will likely retrace again in the short term. Conversely, if it breaks through and holds above 3180, it may see a surge in volume in the short term. Short-term support is around 3100; first, watch whether it can break through the key 3180 level. Midday Trading Strategy (Written at 13:10): BTC: Short at the current price of 9.21, add to the short position on a rebound to 9.3, target 9.1/90,000; long at 9.05/8.95 for a 1-3000 point rebound. ETH: Short at the current price of 3170, add to the short position on a rebound to 3220, target 3120/3080; long at 3100/3000 for a 6-150 point rebound. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like and comment. Thank you everyone, welcome to leave comments below for discussion, I will reply to each one.