Analyst Chen Shu: Bitcoin and Ethereum bulls are watching the 9.4 level for a potential breakout and hold.

Analyst Chen Shu: December 3rd Bitcoin and Ethereum Bullish Breakout - Watch for 9.4 Breakout and Holding. Yesterday's midday analysis suggested buying Bitcoin at 8.6 and Ethereum at 2785. These long positions were successful, yielding profits of 3000/80. Congratulations to those who followed the strategy. Looking at the daily chart, Bitcoin closed with a large bullish candle yesterday, breaking directly above the MA5/10-day moving averages. The key resistance level of 9.3 has now been broken. Watch for a pullback to 9.3; if it holds, consider a long position. The next resistance level to watch is the MA30 moving average at 9.43. On the 4-hour chart, the short-term price has broken and held above the MA120 moving average at 90,000. A short-term test of the MA30 moving average at 9.43 is imminent. Monitor the breakout and holding status of this level. From the daily chart, Ethereum also closed with a large bullish candle yesterday, and the price is currently holding above the MA5/10-day moving averages. The key resistance level to watch is the MA256 moving average around 3170. This level will be the focus of intraday trading; a break above it could lead to further upward movement. Conversely, if the price rebounds to 3170 and encounters resistance, watch for a pullback to the 3000 support level. Midday Trading Strategy (Written at 14:00): BTC: Long at 9.27, add to the long position on a pullback to 9.15, target 9.35/9.45; Short at 9.45/9.55 for a 1-3000 point gain. ETH: Long at 3030, add to the long position on a pullback to 2980, target 3100/3060; Short at 3050/3100 for a 6-100 point gain. 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.