Thursday Morning Jingyi Trading Strategy Analysis

Prioritize short-term pullback to low positions during the day, with light short positions at high levels if under pressure

Yesterday's market overall oscillated higher then faced resistance and pulled back, with Bitcoin falling back to around 747 on the hourly chart for stabilization and rebound. The bulls strongly pushed higher, breaking previous highs, with a maximum of 794, and all long-side strategies from yesterday were fulfilled.

The rally just near the upper Bollinger Band at 792, a key resistance zone, after reaching a high, the bullish momentum exhausted, and the market quickly retreated. The candlestick closed with a long upper shadow, indicating profit-taking pressure above 790. The overall upward trend remains unchanged, but short-term bullish momentum has slowed, with the market returning to the middle-upper Bollinger Band range, likely consolidating and digesting the upward pressure.

Trading Suggestions
Buy long positions on Bitcoin during the pullback to 772-778, with targets at 788–795; if it stabilizes above the previous high, look for a bullish move toward 79,500–80,000.
If the rebound encounters resistance in the 79,000–79,500 zone, switch to short positions, with support at 77,500–78,000.