Analyst Chen Shu: Bitcoin and Ethereum are experiencing volatile trading on March 4th, unable to break out of their consolidation range; watch for a potential breakout direction.

Analyst Chen Shu: Bitcoin and Ethereum are currently in a volatile trading range, unable to break out of their consolidation zone. Focus on the breakout direction. Looking at the daily chart for Bitcoin, it has basically stabilized above the 5-day and 10-day moving averages. If it can continue to hold above this level, it may continue testing the upper resistance level of the consolidation zone, namely the 70,000-71,000 range. On the 4-hour chart, a short-term pullback to the dense support level of 6.65-6.75 has held. Holding this level currently suggests further upward potential. Focus on the sustainability of the short-term rebound; a buy-on-dips strategy is recommended. Looking at the daily chart for Ethereum, the daily rebound is currently approaching the 30-day moving average at 2000 without a significant resistance level. Support is seen at the 5-day and 10-day moving averages, while resistance is in the 2080-2150 range. On the 4-hour chart, holding above 1950 suggests a continuation of the rebound. Intraday, consider buying on pullbacks as long as the 1950 support level holds. Midday Trading Strategy (Written at 16:20): BTC: Buy at 6.8, add to long position on pullback to 6.65, target 70,000/7.1; Sell at 7.1/7.2 with a target of 2000 points. ETH: Buy at 1980, add to long position on pullback to 1935, target 2050/2080; Sell at 2100/2150 with a target of 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 everyone, welcome to leave comments below for discussion, I will reply to each one.