Analyst Chen Shu: Bitcoin and Ethereum are in a weak consolidation phase on December 25th; watch for a breakout direction and focus on the 8.75 level as the midpoint of the consolidation.

Analyst Chen Shu: Bitcoin and Ethereum are in a weak consolidation phase on December 25th. Watch for a breakout direction, with the 8.75 level as the consolidation center. Looking at the daily chart for Bitcoin, the short-term trend remains below the 30-day moving average (MA30). The 8.95 level remains a key resistance. Until this level is broken, the short-term trend remains weak. On the 1-hour chart, the short-term consolidation center is whether the price can hold above the 256-day moving average (MA256) at 8.75. A break above this level could lead to a test of the 9.1 resistance, while failure to break through will likely maintain the weak trend and test the 8.5 support. Looking at the daily chart for Ethereum, the key resistance level to watch is the 30-day moving average (MA30) at 3030, which is also the 256-day moving average (MA256) resistance level on the 4-hour chart. If the price approaches this resistance level again, a short position can be considered. The short-term resistance level to watch is the 256-day moving average (MA256) on the 1-hour chart at 2960. Midday Trading Strategy (Written at 13:10): BTC: Intraday volatility is not expected; consider buying low and selling high within the 8.7-8.83 range. ETH: Consider buying low and selling high within the 2900-2980 range. Our daily analysis strategy has a very high win rate! Analysis is hard work, so please give us a free follow, save, like, and comment. Thank you! Feel free to leave comments below; I will reply to each one.