Analyst Chen Shu: Yesterday's long positions in Bitcoin and Ethereum yielded precise profits. The bullish momentum continues, and we expect the trend to continue. Yesterday's midday analysis suggested a long position in Bitcoin at 8.95 and in Ethereum at 3075. These long positions were entered at the lowest point of the pullback, resulting in substantial profits of 2000/100 points. Congratulations to those who followed the strategy! Looking at the daily chart, Bitcoin has closed higher for three consecutive days and is currently approaching the 60-day moving average (MA60) at 9.13, a key resistance level. Today, we'll focus on the sustainability of the bullish momentum. If it breaks through and holds above this level, it may continue to rebound and test the previous resistance levels of 9.35/9.45. On the short-term 1-hour chart, the price has stalled around 9.18, suggesting a potential pullback. The support level to watch on the pullback is the 5-day moving average (MA5) on the 4-hour chart at 9.06. From the daily chart, Ethereum closed with a small positive candle yesterday, retracing to the 60-day moving average (MA60) around 3060. If this level holds, it may continue upwards to test the 256-day moving average (MA256) around 3330. On the 1-hour chart, short-term support is seen at the 30-day moving average (MA30) around 3110. A pullback to this level could present an opportunity to go long. Midday Trading Strategy (Written at: 15:10):
Analyst Chen Shu: Yesterday's long positions in Bitcoin and Ethereum yielded precise profits, and the bullish momentum continues; we expect the trend to continue.
2026-01-04 08:55:11
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