Analyst Chen Shu: Yesterday's strategy for Bitcoin and Ethereum on April 29th was successful and yielded profits. Continue to short on any intraday rebound.

2026-04-29 05:48:03
Shareshare
Analyst Chen Shu: The Bitcoin and Ethereum strategies from yesterday (April 29th) were successful and profitable. The intraday rebound was a good opportunity to short. Yesterday's analysis suggested going long at 7.6/7.5, which was successfully entered and profitable, with the price rebounding to around 7.75, yielding a profit of 1500 points. Ethereum was suggested to go long at 2230, but this was unsuccessful. Congratulations to those who followed the strategy. Looking at the daily chart for Bitcoin, yesterday's price closed lower again, testing the 120-day moving average (MA120) support at 7.6. Short-term focus is on whether this support level holds. On the 4-hour chart, the resistance level to watch is the 30-day moving average (MA30) at 7.75, which is also the 1-hour MA120 resistance level. A rebound above this level could present another opportunity to short. From the daily chart, Ethereum's short-term focus remains on the resistance level around 2370 (MA120), while the support level is around 2250 (MA30). On the 1-hour chart, the key level to watch is the 2330 (MA256), which can serve as a short-term support/resistance level. Midday Trading Strategy (Written at 13:40):
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