Analyst Chen Shu: Bitcoin and Ethereum surged and then retreated on December 27th, continuing their consolidation. Watch for resistance at 8.95.

Analyst Chen Shu: December 27th - Bitcoin and Ethereum continued their consolidation after a surge and pullback, with attention focused on the 8.95 resistance level. Looking at the daily chart for Bitcoin, yesterday's long upper shadow inverted hammer candlestick tested the MA30 moving average resistance level. The short-term trend remains within the 8.65-8.9 range, with the key resistance level for a bullish breakout at the 4-hour MA256 moving average around 8.95. A break above this level could trigger a short-term rebound; conversely, a break below the 8.65 minor support level is expected. Short-term consolidation is anticipated around 8.77 as the central point for further consolidation. Looking at the daily chart for Ethereum, yesterday's price tested the 2980 resistance level before falling back. The short-term pullback is still capped by the 2980 resistance level. On the 4-hour chart, the price hasn't even reached the MA256 moving average before falling back, testing the 1-hour MA120 resistance level. The initial resistance level to watch is 2950, and the support level is around 2900. Midday Trading Strategy (Written at 13:30): BTC: Saturday's volatility is not expected to be high; consider a range-bound trading strategy of buying low and selling high within the 8.78-8.72 range. ETH: Consider a range of 2935-2925. Our daily analysis strategy has a very high win rate! Analysis is hard work, so please give us a free follow, save, like, and comment. Thank you! Feel free to leave comments below; I will reply to each one.