Sunday Jingyi Trading Strategy Analysis



On Friday, positive news drove the big coin higher. The second coin surged to 783 and 2436. A sharp drop in crude oil boosted precious metals. Yesterday’s chart faced technical pressure along with the impact of bearish factors. After a rebound to 76340 and 2374 at midnight, it was met with resistance, and it is now trading in a low-level range.

In the short term, the rally then rolled over, showing a wide-range oscillation. The downside space in the morning session is limited. The 1-hour chart is under pressure at 765; the Bollinger Bands are trending downward, with resistance at 770 above. The 4-hour support is 750-740. The daily uptrend channel has not been broken yet. If the surrounding markets weaken on Monday, it will most likely continue to face pressure.

Trading Recommendations

BTC: Short the 758-765 range, target 750-740
ETH: Short around 2350-2390, target 2320-2300#GatePreIPOs首发SpaceX
BTC-2.23%
ETH-3.37%
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