Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategies yielded profits. Focus on the continuation of the rebound. Yesterday's analysis suggested buying Bitcoin at 7.5 and Ethereum at 2150. Long positions could have yielded profits of up to 4000/250 points. Congratulations to those who followed the strategy – there's no hindsight bias! Looking at the daily chart for Bitcoin, yesterday's candlestick closed as a small red candle, with the price repeatedly testing the 7.5 level, showing initial signs of a bottom. Watch whether the rebound can break through and hold above 80,000, which is the weekly MA120-day moving average resistance level. On the 4-hour chart, a short-term break above the MA5/10-day moving averages suggests a continuation of the rebound. Watch the 7.95 level for resistance and the 7.78 level for support. Intraday trading can continue with buying on dips, targeting a rebound. From the daily chart, Ethereum found support around the 2150 low, indicating a temporary halt to the downtrend. The key resistance level to watch for any rebound is the 256-day moving average (MA256) around 2580 on the weekly chart. Those holding long positions may consider adjusting their positions near 2580. For the short term (1-hour chart), watch for support at 2300 and resistance at 2400/2480. Midday Trading Strategy (Written at 13:50):
Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategies yielded profits; pay attention to the continuation of the rebound.
2026-02-03 05:58:21
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