Analyst Chen Shu: 12.21 Bitcoin and Ethereum Weekly Review, Trend Stops Falling, Focus on Key Resistance Level Breakthrough

From the daily chart of Bitcoin, the current price is close to the key resistance level of the MA30 moving average at 8.93. If it can break through and stabilize above the MA30, it is expected to rise to the 9.5 level. Although the weekly trend is relatively weak, if it can break through and stabilize at 8.93, there is still a positive outlook for a rebound. The short-term rebound target is the 4-hour MA256 moving average at 9.16, with support at the 8.5 level. It is recommended to wait for a pullback opportunity to enter a long position.

From the daily chart of Ethereum, it has also rebounded to the MA30 moving average resistance level at 3020. If it can break through and stabilize above 3020 in the short term, it is expected to rise to 3250/3430. The support level to watch is the weekly MA120 moving average at 2900. If there is a pullback opportunity, it is also recommended to go long for a rebound.

Midday Trading Strategy (Written at: 13:40):

BTC: Long at 8.76, add to long on a pullback to 8.7, target 8.9/9.1; consider short positions above 9.2/9.5.

ETH: Long at 2950, add to long on a pullback to 2900, target 3050/3150; consider short positions above 3150/3250.

The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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