December 10th Bitcoin and Ethereum Trend Analysis and Trading Strategy!
On the daily chart, Bitcoin, while showing a steady upward trend, encountered resistance and fell back after testing the 94,000 level. This resistance level remains valid; as previously mentioned, a break above it could lead to the 100,000 mark, otherwise, it will likely remain within its current range. Ethereum, on the other hand, has broken out of its resistance level at 3230. The current resistance level is 3400; a break above that would target 3600. Support has shifted to 3230. Overall, Ethereum is not moving in sync with Bitcoin, and further gains could see Bitcoin catch up or Ethereum pull back. On the 4-hour chart, Bitcoin tested the top of its trading range at 94,000 before encountering resistance and falling back, failing to break out. Ethereum, however, has broken out of its range top, with short-term resistance at 3380-3450. A break above this level could lead to 3630, with support at 3300-3230. Yesterday's short positions were based on Ethereum not falling to the bottom of its trading range, resulting in a stop-loss exit. However, as previously mentioned, a breakout from the range would warrant following the trend. Currently, the market presents a contradiction: Bitcoin hasn't broken down, while Ethereum has, showing no synchronized movement. Therefore, it's recommended to treat future trades as breakouts when considering long positions. Trading strategy: Bitcoin: Buy at 91500-92000, target 93000-94500, stop-loss below 90500; Ethereum: Buy at 3250-3280, target 3350-3450, stop-loss below 3200. These strategies are time-sensitive; please refer to the homepage for details and private real-time guidance.