Analyst Chen Shu: Bitcoin and Ethereum experienced a volatile rebound on December 18th; continue shorting on rallies, paying attention to the 8.9 resistance level.

Analyst Chen Shu: On December 18th, Bitcoin and Ethereum experienced a volatile day with rebounds, suggesting continued shorting opportunities. Focus on the 8.9 resistance level. Looking at the daily chart for Bitcoin, yesterday's price surged above the 30-day moving average (MA30) before quickly retreating. Short-term resistance remains at the 8.93 level. Until a breakout and sustained hold above 8.93, the market is expected to remain range-bound with a bearish bias. After last night's volatility cleared some short-term leverage, the target resistance level is around 90,000. A rebound to this level presents another opportunity to short. The intraday strategy is to focus on shorting on rallies, with support at 8.5. Looking at the daily chart for Ethereum, yesterday's candle was bearish. Short-term resistance remains at the 3000 level (MA30). On the 4-hour chart, yesterday's rebound also saw resistance at the 3000 level (MA30). A minor resistance level is around 2900, where a rebound to this level could present a shorting opportunity. Support levels are around 2750 and 2700. Midday Trading Strategy (Written at 13:00): BTC: Short at 8.8, add to short position on rebound to 8.9, target 8.65/8.5; Long position near 8.5 with a 1-2000 point rebound potential. ETH: Short at 2880, add to short position on rebound to 2930, target 2800/2750; Long position near 2750/2700 with a 6-100 point rebound potential. 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.