Analyst Chen Shu: December 24th - Yesterday's Bitcoin and Ethereum strategies yielded precise profits. Intraday, focus on a weak pullback to support. Last night's analysis suggested buying Bitcoin at 8.68 and selling at 8.8, while shorting Ethereum at 2920 and 2990. These precise entry points resulted in perfect profits of 2500/130 points. Congratulations to those who followed the trades! Daily strategies are accurate and hindsight is never an option. Looking at the daily chart for Bitcoin, after failing to break through the 30-day moving average (MA30) in the previous two days, it has now broken below the 5/10-day moving averages, indicating short-term weakness. Intraday resistance is at 8.8. If it cannot hold above 8.8, it may pull back to the 8.5 low support. On the 1-hour chart, the short-term pullback is currently around 8.68. If this level is breached, the next support level is 8.5. The key resistance level to watch is the 256-day moving average (MA256) at 8.8. Intraday trading should focus on the strength of the pullback and the effectiveness of the support levels. From the daily chart, Ethereum has also broken below the 5-day and 10-day moving averages. The key resistance levels to watch are the 30-day moving average (MA30) around 3030 and the 256-day moving average (MA256) on the 1-hour chart around 2980. Support is seen at the previous low of 2800. Short-term support is around 2900; if it holds, a retest of the 3000 level is possible, otherwise, the next support level to watch is next. Midday Trading Strategy (Written at 14:00):
Analyst Chen Shu: Yesterday's strategy for Bitcoin and Ethereum on December 24th yielded precise profits. Today, we expect a weak pullback to support levels.
2025-12-24 06:05:06
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