Sunday Bitcoin midday Jing Yi's thoughts



From the current market situation, it is a weak rebound after a sharp decline, in a bearish downtrend, with medium-term dominance by the bears. MACD indicator: bearish momentum not exhausted; KDJ at a low level turning slightly golden cross, only indicating a short-term oversold slight rebound, not a reversal;

First a weak consolidation with a slight rebound, testing the 784–788 resistance zone, if the rebound is weak, it will fall back again; as long as the rebound does not break the 790 resistance, the downward main trend remains unchanged, with a high probability of a second dip to 776, and if broken, a deep retracement to around 765; only if it stabilizes above 792 will the bearish trend temporarily ease, otherwise, the whole rebound should mainly be a shorting opportunity.

Key resistance: 784–790, strong resistance at 795;
Key support: 776 intraday low, breaking it directly targets 770–765.

Trading suggestion
BTC Range trading between 784–790, first target: 776, second target: 770 → 765#Gate广场五月交易分享
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