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Friday Night Jingyi Trading Strategy Analysis
This week, Bitcoin has risen above 750 four times, twice approaching the previous high of 760, indicating strong resistance at this level.
The main positive factors come from the easing expectations of the US-Iran situation; as negotiations have not yet materialized, the market continues to be bullish.
Jingyi predicts that the current high point is likely around 780-790. Often, before a market decline, there are false breakouts to trap traders, and this time is likely to continue the current trend.
Conservative traders can wait until the situation settles to seize shorting opportunities; the positive momentum is likely to reverse after profit-taking.
Support levels are at 742 and 736. However, today being Friday, there is also a possibility of a sharp drop, so be prepared with defensive measures.
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