Analyst Chen Shu: 12.5 Bitcoin and Ethereum are in a short-term sideways consolidation, focusing on the key direction of support and resistance breakthroughs.

Analyst Chen Shu: 12.5 Bitcoin and Ethereum short-term sideways fluctuations, focus on the key direction of support and resistance breakthroughs

Yesterday's analysis article provided a pullback long position strategy, with both Bitcoin and Ethereum long positions making slight profits. Congratulations to friends who followed the operations. Bitcoin's daily chart shows a green candlestick closing yesterday, with the price continuously pressured by the daily MA30 moving average at 9.36. If it breaks through and stabilizes above this line in the short term, it is expected to continue this round of rebound. The key support level in the 4-hour timeframe is at 90,000, which is also the support of the MA256 moving average in the 1-hour timeframe. First, focus on this support and the direction of a significant breakthrough.

From the daily chart of Ethereum, it continues to oscillate around the MA256 moving average at 3180. As 3180 serves as a critical dividing line for long and short positions, if it continues to be pressured and cannot break upwards, it will likely retest again in the short term. Conversely, if it breaks and stabilizes above 3180, there may be a significant upward movement. The short-term support to watch is at 3100, so first focus on whether it can break the key position of 3180.

Afternoon operation thoughts (writing time: 13:10):

BTC: Current price 9.21, short first, add to short at 9.3, target 9.1/90,000; below 9.05/8.95, look for a 1-3000 point rebound.

ETH: Current price 3170, short first, add to short at 3220, target 3120/3080; below 3100/3000, look for a 6-150 point rebound.

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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