Analyst Chen Shu: Bitcoin and Ethereum Weekly Review (December 21st): Trend Reversal, Watch for Key Resistance Level Breakout

From the daily chart, Bitcoin's price is currently approaching the key resistance level of the 30-day moving average (MA30) at 8.93. If it can break through and hold above the MA30, it could potentially rise to around 9.5. Although the weekly trend is relatively weak, a break and hold above 8.93 would still suggest a potential rebound. The short-term rebound target is around the 256-day moving average (MA256) on the 4-hour chart at 9.16, with support at 8.5. It is recommended to wait for a pullback before entering a long position. From the daily chart, Ethereum has also rebounded to the resistance level of the 30-day moving average (MA30) around 3020. If it can break through and hold above 3020 in the short term, the next target is 3250/3430. The support level to watch is the 120-day moving average (MA120) on the weekly chart around 2900. Any pullback opportunities are also recommended for buying on dips to capitalize on the rebound. Midday trading strategy (written at 13:40): BTC: Buy at 8.76, add to the position on a pullback to 8.7, target 8.9/9.1; consider shorting above 9.2/9.5. ETH: Buy at 2950, add to the position on a pullback to 2900, target 3050/3150; consider shorting above 3150/3250. 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.