Wednesday Morning Jing Yi's Trading Strategy Analysis


Bitcoin maintained a range-bound oscillation in the early hours, with the dip to the low point of 74,700 supported effectively, and no breakdown occurred. It then rebounded to around 76,300 for consolidation, with bullish momentum in the market remaining strong. ETH's movement is synchronized with Bitcoin, with a rebound after testing the support at 2,280, stabilizing and bouncing back. Currently, the bullish trend dominates, and there is still room for upward continuation within the day.

The 4-hour chart continues to rely on the middle Bollinger Band as support, overall staying within the upward channel from the middle to the upper band. The early dip is just a normal technical correction in a bullish trend, with key support holding firm. The upward structure remains intact, and there is still potential for further gains. The short-term market will likely continue to push higher, testing resistance levels above.

Trading Strategy: Prioritize short-term long positions in line with the trend during the day, and consider short positions after encountering resistance at higher levels.

Trading Suggestions:
BTC rebounds to the 766-775 range to short, targeting 75,500—73,800.
ETH rebounds to the 2,340-2,370 range to short, with a target down to 2,300—2,190.
BTC2.22%
ETH2.1%
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