Analyst Chen Shu: Bitcoin and Ethereum rebounded weakly on February 4th; pay attention to the strength of the rebound and the resistance level at 7.7.

Analyst Chen Shu: Bitcoin and Ethereum rebounded weakly on February 4th. Pay attention to the strength of the rebound and the resistance level at 7.7. Looking at the daily chart for Bitcoin, yesterday's price slightly broke lower again, testing below 7.3 before temporarily stabilizing. On the daily chart, watch whether the rebound can first break through the MA5 moving average. The major resistance level for the rebound remains the weekly MA120 moving average around 80,000. In the short term, watch the 1-hour MA30/60 moving average around 7.7. Intraday, a rebound is still possible; buy on dips targeting the 7.7/7.8 resistance levels. Looking at the daily chart for Ethereum, the rebound is weak, and the overall market continues to oscillate around 2200. A short-term bottom has appeared around 2200. Although the overall trend remains bearish, short-term buying opportunities exist, targeting a rebound. The key resistance level to watch is 2400. If a small-scale, continuous rebound occurs, the target could be 2580. Support is around 2200. Midday Trading Strategy (Written at 15:10): BTC: Long at 7.62, add to long position on pullback to 7.5, target 7.7/7.8; Short at 8.00/7.9, targeting 2000-3000 points (primarily long, secondarily short). ETH: Long at 2270, add to long position on pullback to 2200, target 2350/2400; Short at 2430/2500, targeting 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.