Analyst Chen Shu: On March 10, Bitcoin and Ethereum rebound upward, pay attention to the 4-hour MA256 daily average line pressure level of 71,000.

From the daily chart perspective of Bitcoin, yesterday's rebound continued to break through the MA30 daily average line, and the short-term did not test downward as predicted. The short-term is expected to remain primarily in fluctuation, and the key pressure level for the intraday rebound is the 4-hour level MA256 daily average line at 71,000. If this line is touched, one can still consider shorting for a retracement. The key point to determine intraday market strength or weakness hinges on whether it can break and stabilize above the 71,000 high point, while the support level to watch for a retracement is around 68,000.

From the daily chart perspective of Ethereum, the daily line currently shows two small red candles, and the price has temporarily risen above the MA30 daily average line. Pay attention to whether it can continuously stay above this line, specifically above 1980. At the same time, the 1-hour level MA256 daily average line at 2000 is currently the key support level for the short term, while the pressure level to watch is the 4-hour MA256 daily average line at 2130.

Afternoon operation thoughts (writing time: 13:10):

BTC: Short at 71,000, add short on a rebound to 72,000, target at 69,000/68,500; look for a 200-point rebound at the lower 68,500/67,500.

ETH: Short at 2120, add short on a rebound to 2200, target at 2030/1960; look for a 100-point rebound at the lower 1960/1900.

Daily analysis strategy has a very high win rate! Analysis is not easy, I hope everyone can click on a free follow, favorite, like, and comment. Thank you all, and I welcome everyone to leave messages for discussion below; I will reply to each one.

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