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Friday Morning Jing Yi's Trading Ideas: First Short, Then Long
Yesterday's layout was recorded in history, with Bitcoin rising 2000 points, Ethereum rising 200 points on the long-term chart, directly taking off. In the early hours, Bitcoin maintained a range consolidation, breaking below the 80k level and then bouncing back to 79,500 to stop the decline. Although it temporarily recovered above 80k, the rebound was weak, and overall the market was volatile and weak.
The white trading session can still follow the "short first, then long" strategy; in the short term, focus on shorting high, and wait for support to stabilize before entering long positions.
From the four-hour chart perspective, resistance above is obvious; the daily chart shows increased selling volume, leaving room for further decline.
In the short term, expect a pullback, with a rebound near the 78,000 daily middle band, then re-enter long positions.
Trading Suggestions
In the 803-810 range for Bitcoin, go short directly; if it breaks below 794, continue to look at 780. After stabilization at that level, re-enter long positions at a low.