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$BTC $ETH Trader Yuxin: Bitcoin and Ethereum slightly rebound, focus on the continuation of momentum, watch for a breakout above the 6.7 resistance level.
Looking at the daily chart for Bitcoin, yesterday closed with a small bearish candle, with the price briefly stopping its decline at around 6.25. The short-term rebound reached the key position at the daily MA10 at around 6.65, but faced resistance and pulled back. Watch whether it can continue to rebound and stabilize above 6.65. On the 4-hour chart, there is dense resistance between 6.65 and 6.78. This zone is currently a critical short-term resistance area. If it cannot break through, the weak trend remains. Also, pay attention to the 1-hour MA256 at around 6.7; only a complete breakthrough and stabilization above this line can indicate a short-term bottoming out.
Looking at Ethereum on the daily chart, it also briefly rebounded to the MA10 at around 1940, a resistance level. Watch whether it can break and stabilize above this level. If the rebound continues and breaks above 1900, then there is potential for further short-term rebound testing the 2000 level. The MA256 on the 1-hour chart is currently a key resistance level. Observe whether the rebound trend can be maintained to test this line.
Lunchtime trading ideas (draft time: 15:30)
BTC: Long at 6.46, add long on pullback to 6.36, target 6.65/6.75; short above 6.8/6.9 for 2000 points
ETH: Long at 1870, add long on pullback to 1800, target 1950/2000; short above 1980/2050 for 100 points
Daily analysis strategy has a very high success rate! Analysis is not easy, I hope everyone can give a free follow, bookmark, like, and comment. Thank you all. Feel free to leave comments below; I will reply to each one.