Analyst Chen Shu: December 11th - Bitcoin and Ethereum: False Breakout, Real Retreat? Focus on Key Support Levels. Looking at the daily chart, Bitcoin has failed to break through the 9.45 high twice and has begun to fall. Currently, the price has broken below the daily moving averages. Watch the 4-hour MA120 support level at 8.95. If it breaks, a further short-term retracement is expected. On the 1-hour chart, the price has broken below the MA256 at 9.05, which can be considered a short-term support/resistance level. A period of consolidation around this level is expected. From the daily chart, Ethereum (ETH) surged to the 60-day moving average (MA60) before pulling back. It's currently retesting the 256-day moving average (MA256) around 3200, a key support level to watch. This level is crucial as it can be considered a short-term support/resistance level. On the 4-hour chart, it has broken below the MA256 around 3220. If this level holds, the next support level to watch is the 1-hour MA256 around 3080. Midday Trading Strategy (Written at 13:00): BTC: Buy at 8.95, add to long position at 8.8, target 9.1/9.2; sell at 9.1/9.2 for a 1-2000 point pullback. ETH: Buy at 3155, add to long position on a pullback to 3080, target 3200/3250; sell at 3260/3350 for a 6-100 point pullback. Daily analysis strategies have a very high win rate! Analysis is not easy, so I hope you can give me a free follow, save, like, and comment. Thank you! Feel free to leave a comment below and I will reply to each one.
Analyst Chen Shu: December 11th - Bitcoin and Ethereum: False Breakout, Real Retreat? Focus on Key Support Levels.
2025-12-11 05:16:15
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