Analyst Chen Shu: On December 25, Bitcoin and Ethereum are experiencing weak fluctuations, focusing on the breakout direction, and paying attention to the 8.75 fluctuation center point.

CN
4 hours ago

Analyst Chen Shu: On December 25, Bitcoin and Ethereum are in a weak oscillation, focusing on the breakout direction, with attention on the oscillation center point of 8.75.

From the daily chart of Bitcoin, it is currently maintaining a short-term oscillation and adjustment below the daily MA30 moving average. The key resistance level remains at 8.95. Until this level is broken, the short-term trend remains weak. On the hourly level, the short-term oscillation center point is the stability of the MA256 moving average at 8.75. If it holds, there is hope to test the resistance level of 9.1. Conversely, if it fails to break this level, it will temporarily maintain a weak trend and test the support at 8.5.

From the daily chart of Ethereum, the daily focus is also on the key resistance level of the MA30 moving average at 3030, which is also the resistance level of the MA256 moving average on the 4-hour chart. If it approaches this resistance level again, a short position can be attempted. The short-term resistance level can be observed at the MA256 moving average of 2960 on the hourly chart.

Midday operation strategy (written at 13:10):

BTC: With little fluctuation during the day, first consider high selling and low buying in the range of 8.7-8.83.

ETH: Treat it with high selling and low buying in the range of 2900-2980.

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 a message for discussion below; I will reply to each one.

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