Analyst Chen Shu: Focus on the 9.05 resistance level breakthrough and stabilization for Bitcoin and Ethereum on December 7

From the daily chart of Bitcoin, it is continuously under pressure from the MA5/10-day moving averages. The key resistance level to watch is the MA30-day moving average at 9.25. If it does not rebound and stabilize above 9.25, the short-term trend will continue to show a bearish bias. Currently, the 4-hour chart is fluctuating around the 8.9 level, with a key focus on the 1-hour MA256-day moving average at 9.05, which can be treated as a short-term dividing line for bullish and bearish positions.

From the daily chart of Ethereum, the trend remains consistent with yesterday's analysis. The key resistance to watch is the MA256-day moving average at 3185. If it stabilizes above this level, the outlook remains bullish; conversely, if it does not break and stabilize above 3185, it will still be treated as a fluctuating pattern. Approaching the 3185 resistance level again, a small stop-loss short position can be considered. On the 1-hour chart, the focus is on the MA256-day moving average support level at 3015.

Midday trading strategy (written at 12:40):

BTC: Short at 9.04, add to short at 9.15 on a rebound, target 8.9/8.8; look for a long at 8.8/8.7 targeting 9,000 below.

ETH: Small stop-loss long at 3015, target 3060/3100; small stop-loss short above 3180 looking for a 6-100 point pullback.

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

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