$BTC $ETH Trader Yuxin: How to operate during the 2.24 Bitcoin and Ethereum unilateral decline, focus on rebound strength


Bitcoin, from the daily chart, shows that yesterday and today closed with bearish candles, and the price has not stopped falling. Short-term resistance levels are still around the MA5/10 daily moving averages at 6.6/6.7. Major support levels are at the weekly MA256 daily moving average around 5.5. On the 4-hour chart, the short-term rebound strength is weak, and it has not tested the MA10 daily moving average upward. On the 1-hour chart, watch whether it can rebound and break through, stabilizing above 6.4. The suggested approach is to treat it as weak oscillation.
Ethereum, from the daily chart, shows yesterday closed with a small bearish candle, with prices consistently suppressed by the MA5/10 daily moving averages. Support below is at the previous low of 1730. If it declines again today, focus on whether this level can hold. On the 4-hour chart, look at the dense resistance zone around 1900/2000. First, observe the breakout direction of the oscillation range.
Midday trading ideas (draft time: 15:00):
BTC: Short at 6.4, add to short on rebound at 6.5, target 6.3/6.2; try to go long for 2000 points below at 6.2/6.1
ETH: Short at 1860, add to short on rebound at 1930, target 1800/1750; go long for 100 points below at 1750/1700
Daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, bookmark, like, and comment. Thank you all, and feel free to leave comments below; I will reply one by one.
BTC-0,73%
ETH-0,44%
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