Analyst Chen Shu: Bitcoin and Ethereum broke through to the upside on March 5th; watch for the 4-hour MA256 moving average and the key resistance level at 7.3.

Analyst Chen Shu: Bitcoin and Ethereum broke through to the upside on March 5th, with the key resistance level at 7.3 (4-hour MA256). Looking at the daily chart, Bitcoin closed with a large bullish candle yesterday, reaching a high of 7.4. After breaking through the key resistance level mentioned in yesterday's article, it is expected to rebound further. The key support level to determine whether the current price can test further upwards is the 4-hour MA256, around 7.3. If it breaks through and retraces to confirm the support, further upward movement is possible. The recommended strategy is to buy on dips, focusing on short-term pullback needs. Ethereum also closed with a large bullish candle yesterday, reaching a high of 2200. The support level to watch is the MA5/10-day moving average around 2000. On the 4-hour chart, the MA256 around 2230 is the key resistance level for the current upward movement. Intraday, pay attention to whether it breaks through this level. Midday Trading Strategy (Written at 14:40): BTC: Long at 7.15, add to long position on pullback to 70,000, target 7.3/7.4; Short-term short position at 7.25 targeting around 7.1. ETH: Long at 2070, add to long position on pullback to 2030, target 2150/2230; Short-term short position at 2130 targeting around 2050. 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.