Analyst Chen Shu: Bitcoin and Ethereum showed a volatile upward trend on March 13th. A short-term pullback to support levels that hold could present an opportunity to go long.

Analyst Chen Shu: Bitcoin and Ethereum showed a volatile but upward trend on March 13th. A short-term pullback to support without breaking it could present an opportunity to go long. Looking at the daily chart, Bitcoin has seen five consecutive days of gains, reaching the 5/10-day moving average (MA5/MA10). The short-term trend is gradually strengthening. The key resistance level to watch is 7.4. On the 4-hour chart, with the 256-day moving average (MA256) declining, this level has now become support. A pullback to this level without breaking it could extend the rebound. The next minor resistance level to watch is 7.2. Ethereum, on the daily chart, also showed consecutive red candlesticks with weak rebound momentum. The key resistance level to watch is 2160. On the 4-hour chart, the previous 256-day moving average (MA256) has now become support. A pullback to the 2050 level is a good support level. A pullback that holds above this level could present an opportunity to go long and expect a rebound. Midday Trading Strategy (Written at 16:40): BTC: Long at 7.05, add to long position on pullback to 6.95, target 7.2/7.3; Short at 7.35/7.45, target 2000 points. ETH: Long at 2060, add to long position at 2000, target 2130/2160; Short at 2170/2230, target 100 points. 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 everyone. Welcome to leave comments below for discussion, I will reply to each one.