Analyst Chen Shu: The rebound in Bitcoin and Ethereum on January 2nd should be monitored for a hold above 8.87; continued consolidation is expected.

Analyst Chen Shu: 1.2 Bitcoin and Ethereum rebound, pay attention to whether they can hold above 8.87. Continue to expect consolidation. Looking at the daily chart for Bitcoin, the price has rebounded to the 30-day moving average (MA30) around 8.87. Watch for a breakout and hold above this level. If it breaks through and holds, the bullish outlook continues. Before breaking through this level, continue to expect consolidation. On the 4-hour chart, the price has rebounded to the 256-day moving average (MA256) around 8.87. For a more conservative approach, wait for a breakout and hold above 8.87 before entering a long position. Looking at the daily chart for Ethereum, it continues to trade below the MA30 and has failed to break above this level. Wait for a breakout above this level. A successful breakout would target the 256-day moving average (MA256). On the 4-hour chart, the price is currently holding above the MA256. If it can maintain this level, the rebound trend is expected to continue. Midday Trading Strategy (Written at 14:10): BTC: Buy at 8.85, add to long position on pullback to 8.78, target 8.9/8.95; Sell at 9.05/9.13 with a target of 1-2000 points pullback. ETH: Buy at 3005, add to long position on pullback to 2970, target 3045/3080; Sell at 3050/3080 with a target of 6-100 points 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.