Analyst Chen Shu: Bitcoin and Ethereum long positions from yesterday yielded profits. Watch for a breakout above the 9.25 resistance level; will the rebound continue? Yesterday's midday analysis suggested a long position in Bitcoin at 8.8, which was successfully entered on a pullback, reaching a high of 9.2 and securing 4000 points. Looking at the daily chart for Bitcoin, the price has rebounded for two consecutive days, approaching the 30-day moving average (MA30) resistance level at 9.24. Short-term focus is on whether this level can be broken and held. A breakout and hold above this level would indicate continued rebound; otherwise, short-term consolidation is expected. The primary focus is on a rebound, initially watching for a breakout above 9.24, with support at 9.1. Looking at the daily chart for Ethereum, the price action is largely consistent with previous analyses. The price has reached the key resistance level of the 256-day moving average (MA256) at 3190. A breakout above this level would indicate a strong upward move; conversely, a failure to break through 3190 would likely result in a slight pullback and further consolidation. Also, watch for a test of the 256-day moving average (MA256) resistance level at 3250 on the 4-hour chart. Midday Trading Strategy (Written at 18:00): BTC: Long at 9.1, add to long position on pullback to 90,000, target 9.25/9.35; Short at 9.35/9.45, target 1-2000 points pullback. ETH: Long at 3100, add to long position on pullback to 3030, target 3180/3250; Short at 3200/3280, target 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 everyone, welcome to leave comments below for discussion, I will reply to each one.
Analyst Chen Shu: Bitcoin and Ethereum long positions from yesterday (December 8th) are profitable. Watch for a breakout above the 9.25 resistance level; will the rebound continue?
2025-12-08 09:50:36
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