Friday Morning Jing Yi's Trading Strategy Analysis



Happy Labor Day | Trading Never Stops, Rebound Means Short

Happy Labor Day holiday with joy and happiness, trading opportunities continue! Early morning, the market overall remains in a narrow range fluctuation, the coin price repeatedly tests the upper resistance level, upward momentum is insufficient, and bulls struggle to attack. On the daily chart, the bearish momentum continues to expand, with a clear pressure at the closing line; the four-hour cycle bearish strength gradually accumulates, initial downward signals appear; on the hourly level, bearish momentum keeps strengthening, and a short-term correction trend is gradually established.

Trading Suggestions
Bitcoin rebound in the 768-775 range to establish short positions, with a target of 750-735
Ethereum rebound in the 2270-2300 range to establish short positions, with a target of 2240-2080

The market will definitely not disappoint every short seller. Be patient and hold, wishing everyone a smooth and profitable Labor Day trading!
BTC1.63%
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