10.4 Approaching the previous high breakout, Bitcoin and Ethereum trend analysis. From the daily chart of Bitcoin, it has seen three consecutive days of large bullish lines, with prices nearing the previous high of 12.4. The daily chart currently shows a strong upward breakout probability, but it is necessary to be aware of the selling pressure at the previous high level around 12.4. On the 4-hour level, the short-term trend is steadily moving upward along the MA5/10 daily moving averages. As long as it does not break below the 5/10 daily moving averages, it should be treated as a one-sided long positions, using this level as short-term support. From the daily chart of Ethereum, it also shows consecutive bullish lines, with prices basically holding above the MA60 daily moving average. The key short-term support is at the level of 4360, while the resistance level remains at 4650. If there is a pullback in the short term, pay attention to the MA256 daily moving average at the level of 4400 on the 4-hour chart. Before breaking below the 4-hour MA10 daily moving average, it should still be treated with a slight bullish trend. Midday trading strategy: BTC: The fluctuation on Saturday is not large, so treat it as a range between 12.3-12.15 for high sell and low buy. ETH: Treat it as a range between 4550-4450. The daily analysis strategy has a super high win rate! Analysis is not easy, I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to discuss in the comments below.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10.4 Approaching the previous high breakout, Bitcoin and Ethereum trend analysis. From the daily chart of Bitcoin, it has seen three consecutive days of large bullish lines, with prices nearing the previous high of 12.4. The daily chart currently shows a strong upward breakout probability, but it is necessary to be aware of the selling pressure at the previous high level around 12.4. On the 4-hour level, the short-term trend is steadily moving upward along the MA5/10 daily moving averages. As long as it does not break below the 5/10 daily moving averages, it should be treated as a one-sided long positions, using this level as short-term support. From the daily chart of Ethereum, it also shows consecutive bullish lines, with prices basically holding above the MA60 daily moving average. The key short-term support is at the level of 4360, while the resistance level remains at 4650. If there is a pullback in the short term, pay attention to the MA256 daily moving average at the level of 4400 on the 4-hour chart. Before breaking below the 4-hour MA10 daily moving average, it should still be treated with a slight bullish trend. Midday trading strategy: BTC: The fluctuation on Saturday is not large, so treat it as a range between 12.3-12.15 for high sell and low buy. ETH: Treat it as a range between 4550-4450. The daily analysis strategy has a super high win rate! Analysis is not easy, I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to discuss in the comments below.