Analyst Chen Shu: On December 20, Bitcoin and Ethereum current price single successful profit, how to view the short-term trend?

From the daily chart of Bitcoin, yesterday closed with a large bullish candle, and the price is once again approaching the daily MA30 moving average resistance level at 8.92. Firstly, the short-term trend directly indicates a bullish outlook with a rebound. The short-term drop below 8.5 has encountered significant repeated fluctuations and accumulation process. Personally, I am optimistic about the market breaking through the daily MA30 moving average next week, testing the resistance level at 9.5. The key short-term resistance level to watch is the breakthrough and stabilization at 8.9. For conservative traders, it is advisable to wait until it fully stabilizes above this level before entering long positions, with the target for long positions initially set at 9.5.

From the daily chart of Ethereum, yesterday also closed with a large bullish candle, and the price reached the $3000 round number. The overall trend is also bullish with a rebound outlook, targeting 3250/3450. In the short term, it is advisable to wait for a complete breakthrough and stabilization above 3000 before entering long positions. Aggressive traders can look for a pullback opportunity to enter with a base position.

Midday trading strategy (written at: 14:30):

BTC: On Saturday, trade within the range of 8.77-8.87, buying low and selling high, with trend operations to go long on pullbacks at 8.75/8.7.

ETH: Trade within the range of 2960-3000, buying low and selling high, with trend operations to go long on pullbacks at 2950-2900.

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

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