Friday afternoon Jingyi trading strategy analysis



The market is currently fluctuating to repair after a significant drop. Bitcoin is consolidating between 109784 and 108588, and the rebound after the decline lacks strength (not surpassing half of the key large bearish candle).

If it fails to break through the range and falls back to 108588, the range will break, and the market will continue to decline; if it holds, it will continue to fluctuate. In a downtrend, support is weak, and previous supports such as consolidation and triangles have become invalid. The trading strategy is to go short at highs and long at lows.

multiple trading strategies
Buy BTC near 108900 and 108100, aiming for targets around 111000 and 112000. Conservative traders can wait to buy at 106302, with a stop loss if it breaks below 105622.

Empty trading strategy
BTC short around 109770 and 111423, aiming for targets near 108800 and 107300, with a stop loss if it breaks and holds above 112240.
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BTC-1.3%
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