Analyst Chen Shu: Bitcoin and Ethereum rebounded on February 26th; pullback followed by support levels suggests further upward potential.

Analyst Chen Shu: Bitcoin and Ethereum rebounded on February 26th. A pullback with support levels could lead to further gains. Looking at the daily chart, Bitcoin closed higher yesterday, breaking through the key resistance levels of the 5-day and 10-day moving averages. Today, pay attention to the 30-day moving average resistance level at 71,000. If it can rise again and hold above this level, the bullish trend is likely to continue. On the 4-hour chart, watch the 120-day moving average support levels at 6.78 and 6.65. Also, watch the 256-day moving average at 6.7 on the 1-hour chart. Pullbacks could present buying opportunities for a rebound. From the daily chart, Ethereum closed with a large bullish candle yesterday, nearing the 30-day moving average (MA30) around 2130. Today, continue to monitor the 2130 level. If it breaks and holds above 2150, a short-term rebound is expected to test 2500. Support levels to watch on pullbacks are the 256-day moving average (MA256) around 1950 and the 120-day moving average (MA120) around 1980. A pullback presents an opportunity to go long. Midday Trading Strategy (written at 14:10): BTC: Long at 6.8, add to long position on pullback to 6.7, target 70,000/7.1; Short at 7.2 targeting 2000 points. ETH: Long at 2050, add to long position on pullback to 1980, target 2150/2200; Short at 2250/2350 targeting 100 points. Daily analysis strategy has a very high win rate! Analysis is not easy, so I hope you can give me a free follow, save, like, and comment. Thank you! Feel free to leave a comment below and I will reply to each one.