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Analyst Chen Shu: Yesterday's strategy for Bitcoin and Ethereum yielded profits. Short-term focus is on whether the 9.58 support level holds.

2026-01-15 08:18:33
Shareshare
Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategies yielded profits. Short-term focus is on the 9.58 support level. Yesterday's midday analysis suggested a long position at 3280 and a short position at 3380 for Ethereum. Both entry points were reached, resulting in a profit of 200 points for both long and short positions. Congratulations to those who followed the strategy. Looking at the daily chart for Bitcoin, yesterday saw another small upward breakout to a high of 9.7. The daily resistance level is around the 120-day moving average (MA120) at 100,000. The support level to watch is the 4-hour MA10 moving average at 9.58. If this level holds, the short-term bullish trend will continue. If a slight pullback occurs, it's crucial to monitor whether the price can regain its footing above the MA10. A short-term strategy with a small stop-loss can be attempted on a pullback. From the daily chart, Ethereum's price movement is largely consistent with yesterday's analysis. The key short-term resistance level is around the 256-day moving average (MA256) at 3400. Short-term trading is expected to fluctuate around this level. A short position can be initiated with a small stop-loss order if this level is reached. On the 4-hour chart, watch for a break below the 3280 support level. Midday Trading Strategy (Written at 15:00):
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