Tuesday Morning Jingyi Trading Strategy Analysis



Yesterday, Bitcoin surged then pulled back, testing highs near 807 before facing resistance and declining. Yesterday's setup involved four trades, with flexible switching between long and short positions. Bitcoin gained 3,500 points, and Ethereum 52 points. Currently, it is oscillating around 799, with selling pressure at highs increasing, and the short-term upward momentum slowing down.

Tensions between the US and Iran have escalated, Strait of Taiwan tensions have intensified, safe-haven sentiment has risen, suppressing risk assets. Negotiations have reached a deadlock, and the situation is hard to ease; rising oil prices are boosting inflation, causing increased volatility in the crypto market.

From the four-hour chart, a high-level resistance trend is evident. The upper band of the Bollinger Bands forms a key strong resistance. The bullish moving averages are losing upward momentum, and the KDJ indicator is forming a death cross at high levels. The triple technical signals confirm the short-term bullish trend has ended. Currently, the price lacks momentum for a rebound, with insufficient upward continuation, and market selling pressure at highs continues to rise.

Trading Suggestions
BTC: Short positions within the 806-815 range, targeting lower levels at 792-780
ETH: Short positions within the 2375-2400 range, targeting lower levels at 2340-2270
BTC1.47%
ETH0.92%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin