Analyst Chen Shu: Bitcoin and Ethereum rebounded upwards on March 10th; pay attention to the resistance level of the 4-hour MA256 moving average at 7.1.

Analyst Chen Shu: Bitcoin and Ethereum rebounded upwards on March 10th. Watch the 4-hour MA256 moving average at 7.1 as resistance. Looking at the daily chart for Bitcoin, yesterday's rebound continued and broke through the MA30 moving average. The short-term downward test did not occur as predicted, and short-term consolidation is expected. The key resistance level for today's rebound is the 4-hour MA256 moving average at 71,000. A short position can be considered if this level is reached, anticipating a pullback. The key to judging the strength of the intraday trend is whether it can break and hold above the 71,000 high. Support is seen at the 6.8 level. Looking at the daily chart for Ethereum, the price has formed two small red candlesticks and has initially risen above the MA30 moving average. Watch whether it can continue to hold above this level, i.e., above 1980. The 1-hour MA256 moving average at 2000 is also a key short-term support level. Resistance is seen at the 4-hour MA256 moving average at 2130. Midday Trading Strategy (Written at 13:10): BTC: Short at 7.1, add to short position on rebound to 7.2, target 6.9/6.85; Long at 6.85/6.75 for a 2000-point rebound. ETH: Short at 2120, add to short position on rebound to 2200, target 2030/1960; Long at 1960/1900 for a 100-point rebound. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you! Welcome to leave comments below for discussion; I will reply to each one.