Analyst Chen Shu: Bitcoin and Ethereum trended lower on January 25th; watch for breakouts in either direction.

Analyst Chen Shu: Bitcoin and Ethereum are trending lower on January 25th; watch for breakout direction. Looking at the daily chart for Bitcoin, the overall price is oscillating below the 60-day moving average (MA60). If the daily chart cannot hold above 9/9.1, the short-term trend will continue its weak oscillation. On the weekly chart, watch the support levels around the 5/10-day moving averages (MA5/8.95). On the 4-hour chart, continue to watch the 256-day moving average (MA256) around 90,000; this level can be considered a short-term dividing line between bullish and bearish trends. On the 1-hour chart, the resistance level is around 8.95, and the support levels are around 8.85/8.75. Watch for a breakout direction. Looking at the daily chart for Ethereum, the daily oscillation is gradually narrowing, remaining within the 2900-3000 range. Watch for a breakout direction within this range. On the weekly chart, it is currently holding the 120-day moving average (MA120) around 2960. If this level is broken, the short-term trend will continue downward. On the 4-hour chart, watch the 256-day moving average (MA256) around 3060 as the resistance level. Midday Trading Strategy (Written at 15:30): BTC: Buy at 8.85, add to long position on pullback to 8.75, target 8.95/90,000; Sell at 90,000/9.10, targeting 1-2000 points on pullback. ETH: Buy at 2925, add to long position on pullback to 2870, target 2960/3000; Sell at 3000/3060, targeting 6-100 points. 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. Welcome to leave comments below for discussion, I will reply to each one.