Analyst Chen Shu: Bitcoin and Ethereum surged and then retreated on December 23, awaiting a breakout from their sideways trading range.

Analyst Chen Shu: December 23rd - Bitcoin and Ethereum surged and then retreated, awaiting a breakout from their consolidation range. Looking at the daily chart for Bitcoin, yesterday's candlestick was a green doji, indicating the price failed to break above the 30-day moving average (MA30). Short-term focus remains on a breakout above 8.95; a break above this level would signal a bullish trend. On the 1-hour chart, yesterday's price rebound tested the 256-day moving average (MA256) but failed to hold, and has now fallen below 8.8. Short-term, it is expected to consolidate around 8.8, with the direction of the breakout from this range crucial. Looking at the daily chart for Ethereum, yesterday's rebound also tested the 30-day moving average (MA30) resistance level at 3030 without success. The key short-term resistance level remains 3030; a breakout and hold above this level is crucial. On the 4-hour chart, the price rebounded to the 256-day moving average (MA256) at 3050 before retreating. Support levels to watch are 2950 and 2900. Midday Trading Strategy (Written at 17:20): BTC: Buy at 8.68, add to long position on pullback to 8.6, target 8.8/8.9; Sell at 8.8/8.95 for a 1-2000 point pullback. ETH: Buy at 2920, add to long position on pullback to 2860, target 2980/3020; Sell at 2990/3050 for a 6-100 point pullback. 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. Welcome to leave comments below for discussion, I will reply to each one.