Wednesday Afternoon Jing Yi's Trading Strategy Analysis



Bitcoin stabilized above 80,000 in the morning, with an early session gain of 1,300 points, and the current market remains strong and volatile. The medium- to long-term bullish trend is intact, market sentiment is leaning bullish, and the trend continues.

From a technical structure perspective, the current approach a key resistance level. Short-term sideways movement is a consolidation of the upward correction, aimed at digesting selling pressure and building momentum for a breakout, not a sign of weakening bullish energy. Short-term fluctuations are a setup for a reaccumulation, and bullish momentum remains ample. Once stabilized, a new high may be tested again. Pullbacks are good entry points, and the upward trend continues.

Trading Suggestions
BTC retraces to the 813-806 range for a long position, targeting 822-840.
BTC1.72%
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