Wednesday Afternoon Bitcoin, Jing Yi's Strategy, Narrow Range Fluctuation, High-Level Consolidation



Reviewing the early morning dip to 79,200 after a quick rebound, Jing Yi positioned for a long around the 80k level, reaching 81,100 in the morning before exiting, gaining 1,100 points.

Current Market: High-level volume contraction sideways trading; after six consecutive daily bullish candles, the market consolidates with momentum, with bulls and bears repeatedly fighting around 80,000, mainstream coins move in tandem with oscillations, altcoins show divergence. The 4-hour Bollinger Bands are closing in, prices return above the middle band, indicating a balance between bulls and bears, with a potential trend reversal imminent.

Support: 80,000 → 79,500 → 78,500
Resistance: 81,500 → 82,500 → 83,000

Trading Suggestions
BTC: Long around 80,000–80,500, stop loss at 79,200; light short positions around 82,500–83,000, stop loss at 83,500.
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