Analyst Chen Shu: Bitcoin and Ethereum's sideways consolidation ended on December 28th; where is the next direction? Weekly Review Analysis

Analyst Chen Shu: December 28th - Bitcoin and Ethereum's Consolidation Ends, Where is the Direction? Weekly Analysis: Looking at the daily chart for Bitcoin, the overall price remains below the 30-day moving average (MA30). The key resistance level for the short-term trend remains at 8.9. A break above this level would favor a bullish trend, potentially testing the 9.5 level. On the weekly chart, it's consolidating around the 5-day moving average (MA5), with the same resistance level at 8.9. On the 4-hour chart, the price is facing resistance from the continuously declining 256-day moving average (MA256), while the support level for further downward consolidation remains at 8.5. Looking at the weekly chart for Ethereum, it's currently trading above the 120-day moving average (MA120) at 2910. A short-term break below this support level is possible. The daily resistance level is around 3020, near the 30-day moving average (MA30). On the 1-hour chart, the price is currently consolidating around the 256-day moving average (MA256) at 2950, and is expected to continue its consolidation pattern. Midday Trading Strategy (Written at 13:00): BTC: Not overly bullish or bearish; short at 8.9/9.05 targeting 8.75/8.65; long at 8.72/8.65 targeting 8.9/9.05. ETH: Short at 2990/3050 targeting 2950/2900; long at 2910/2860 targeting around 3000. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you! Welcome to leave comments below for discussion; I will reply to each one.