Analyst Chen Shu: Short positions in Bitcoin and Ethereum were profitable yesterday (December 6th). The short-term trend strength/weakness is monitored around 90,000.

Analyst Chen Shu: Bitcoin and Ethereum short positions were profitable yesterday (December 6th). The short-term trend strength is key around 90,000. Yesterday's midday analysis suggested shorting Bitcoin at the current price of 9.21 and Ethereum at the current price of 3170. As expected, the short positions retraced significantly to a low of 8.9/3000, resulting in a profit of 3000/170 points. Congratulations to those who followed the trades. Looking at the daily chart, Bitcoin rebounded but encountered resistance at the 30-day moving average and fell back. It is clearly under pressure from this level and has now broken below the 5/10-day moving averages. The 4-hour chart also shows a break below the dense area of moving averages. The key short-term resistance level to watch is the 256-day moving average on the 1-hour chart at 9.02. A break above this level would indicate a return to a consolidation phase, while a failure to hold would suggest further retracement to test the support levels around 8.7/8.4. From the daily chart, Ethereum's daily trend is basically as analyzed last week: the rebound is capped by the 256-day moving average (MA256) around 3180. In the short term, 3180 will be a key resistance level; failure to break and hold above this level will likely lead to continued weakness and a pullback. The short-term support level to watch is the 256-day moving average (MA256) around 3000 on the 1-hour chart. Pay close attention to whether the 3000 level holds. Midday Trading Strategy (Written at 13:30):