Analyst Chen Shu: Bitcoin and Ethereum are fluctuating within a range around 9.05; watch for a breakout to determine the direction.

Analyst Chen Shu: Bitcoin and Ethereum are trading in a range on December 9th, focusing on the 9.05 level. A breakout is expected to determine the direction. Looking at the daily chart for Bitcoin, it continues to be suppressed by the 30-day moving average (MA30) at 9.18. As analyzed in previous articles, a bullish stance is not warranted until a breakout and firm hold above this level is achieved. The first support level to watch is the 120-day moving average (MA120) at 8.92 on the 4-hour chart. In the short term, it is expected to continue its consolidation around the 256-day moving average (MA256) at 9.05 on the 1-hour chart. The focus is on the breakout direction. Looking at the daily chart for Ethereum, it continues to be suppressed by the 256-day moving average (MA256) at 3200. This level will remain a key short-term resistance. A breakout above this level could present buying opportunities or short positions with small stop-loss orders. The second resistance level to watch is the 256-day moving average (MA256) at 3250. Support levels are at 3100 and 3030. Midday Trading Strategy (Written at 12:10 PM): BTC: Long at 8.92, add to long position at 8.8, target 9.15/9.3; Short at 9.35/9.45, targeting a 1-2000 point pullback. ETH: Long at 3090, add to long position on a pullback to 3030, target 3180/3250; Short at 3200/3280, targeting a 6-100 point pullback. Daily analysis strategies have a very high win rate! Analysis is hard work, 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.