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Analyst Chen Shu: Yesterday's strategies for Bitcoin and Ethereum yielded substantial profits; today, pay attention to key level breakouts.

2026-01-22 04:01:56
Shareshare
Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategies yielded substantial profits. Today, focus on key levels. Yesterday's article suggested a short position at 90,000 for Bitcoin, followed by a long position at 8.75. Ethereum was suggested to be shorted at 3,000. Both long and short positions provided entry opportunities, with a maximum profit of 6,000/150 points. Congratulations to those who followed the trades! Recent strategies have been consistently accurate and profitable, without any hindsight bias! Looking at the daily chart for Bitcoin, yesterday's price action initially halted the decline, closing with a small red candlestick. The price rebounded and tested the key daily resistance levels mentioned in yesterday's article, namely the MA30/60-day moving averages. The key daily resistance levels to watch are 90,000/9.10. On the 4-hour chart, the short-term price is clearly suppressed by the MA256-day moving average around 90,000. As mentioned in yesterday's article, this level can be considered a short-term support/resistance level. A break and hold above this level would suggest further upside potential. From the daily chart, Ethereum has also rebounded after a decline, testing the 60-day moving average (MA60) around 3060. The key resistance level to watch on the daily chart is the 3060-3100 price range. On the 4-hour chart, the 256-day moving average (MA256) around 3080 is also a key level to watch; we'll see if the rebound can sustain and break through this price range. Midday Trading Strategy (Written at 12:00):
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