#BinanceABCs Analyst Chen Shu | 12.27 Bitcoin and Ethereum face short-term pressure, key resistance levels need to be broken

**Bitcoin Price Analysis**

Looking at the daily chart, yesterday formed a long upper shadow inverted hammer, with the price testing the MA30 daily moving average as resistance. In the short term, Bitcoin has been oscillating within the 8.65-8.9 range. To break through, it needs to overcome a key resistance level—around 8.95 on the 4-hour chart. If this level is broken, a short-term rebound may be triggered; otherwise, close attention should be paid to the small support at 8.65. A break below could lead to further decline. Currently, it is expected to fluctuate around 8.77 in the medium to short term.

**Ethereum Price Analysis**

Ethereum yesterday surged to 2980 on the daily chart before starting to pull back, and is currently being firmly suppressed by this resistance level. From the 4-hour perspective, the price has already retraced before reaching the 256-day moving average, and in the short term, it is also encountering resistance near the 120-period MA on the 1-hour chart. Key resistance to watch is at 2950, with support below at around 2900.

**Midday Trading Strategy** (Draft time: 13:30)

**Bitcoin**: Weekend market is relatively weak; suggested to buy low and sell high within the 8.78-8.72 range.

**Ethereum**: Treat within the 2935-2925 range.

Strategy analysis shows a stable daily win rate. If this helps you, please follow, bookmark, like, and comment~ Feel free to leave your comments below; I will reply to each one.