Thursday Evening - Jingyi's Trading Analysis



Bitcoin daily chart shows a wide V-shaped reversal: the rebound touched 71,000 resistance and pulled back, testing near 69,100 where it stabilized; subsequently, bulls exerted force again, rebounding to the 70,800 area. The rebound failed to break the previous high, showing weak upside momentum. The short-term trend remains dominated by oscillation, with bulls not fully in control.

Hourly Bollinger Bands are in parallel contraction, trading horizontally within the channel with no clear trend opening. The market is entering a short-term consolidation phase, not a bullish initiation signal.
The price initially broke below the middle band, oscillating near the lower band with bears briefly in control; after stabilizing at lows and rebounding back to the middle of the band, it's currently trading between the middle and upper bands, in a bearish-favored zone.

Trading Strategy

Bitcoin: Short 710–719 range, Target 69,200–68,300
Ethereum: Short 2080–2160 range, Target 2010–1970

The above represents personal views for reference only.
BTC-1%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin