Analyst Chen Shu: On December 18, Bitcoin and Ethereum surged and then corrected, continue to short, focus on the 8.9 resistance level
From the daily chart of Bitcoin, after the price surged to the daily MA30 moving average yesterday, it quickly fell back. The short-term is still under strong pressure at the 8.93 line. Before it can break through and stabilize above the 8.93 line, it will still be treated with a bearish bias. Last night's surge and correction cleared some short-term leverage, and the target resistance level is focused on the 90,000 line. If it rebounds to this line again, it can be shorted again. For the day, primarily short on rebounds, with the support level focusing on the 8.5 line.
From the daily chart of Ethereum, yesterday's daily candle closed with a bearish line, and the short-term resistance level is still focused on the MA30 moving average at the 3000 round number. Looking at the 4-hour level, yesterday's pullback resistance level is focused on the MA30 moving average at the 3000 level, with a small resistance level at 2900, where a rebound can be attempted to short. The support level focuses on the 2750/2700 line.
Afternoon operational thoughts (writing time: 13:00):
BTC: Short at 8.8, add short at 8.9 on rebound, target 8.65/8.5; look for a rebound of 1-2000 points near 8.5
ETH: Short at 2880, add short at 2930 on rebound, target 2800/2750; look for a rebound of 6-100 points near 2750/2700
The daily analysis strategy has a very high win rate! Analysis is not easy, hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply one by one $BTC
