Analyst Chen Shu: December 22nd - Yesterday's long positions in Bitcoin and Ethereum were perfectly entered and profitable. Today, pay attention to the resistance level breakout. Yesterday's analysis suggested going long on Bitcoin at 8.76 and Ethereum at 2950. The price retraced to the entry points, resulting in perfect entry and a maximum profit of 2000/100 points. The recent strategy has had a high accuracy rate; congratulations to those who followed the trades. Looking at the daily chart, Bitcoin has been oscillating around the 30-day moving average (MA30) for three consecutive days. We patiently await a breakout and stabilization at the key level of 8.95. A breakout would target 9.5. We maintain our previous analysis's bullish outlook for an upward breakout. Short-term support is at the 1-hour MA256-day moving average around 8.85, while short-term resistance is at the 4-hour MA256-day moving average around 9.1. For trading, it is recommended to wait for a pullback before entering long positions, treating the market as volatile with a bullish bias. From the daily chart, Ethereum tested the resistance level of the 30-day moving average (MA30) around 3030. The strategy remains the same as Bitcoin: a break above 3030 would target the 3260 high. Short-term support is at 3000, while short-term resistance is at 3060. The trading strategy should remain synchronized with Bitcoin. Midday Trading Strategy (Written at 14:40):
Analyst Chen Shu: Yesterday's long positions in Bitcoin and Ethereum (December 22nd) were perfectly entered and yielded profits. Today, pay attention to whether the resistance level is broken.
2025-12-22 06:46:10
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