Monday Afternoon Jing Yi's Market Outlook



This morning, directly take profit at 1800 points. Instead of holding onto the long-term gain of 5000 points, you can't hold it? It's better to realize small waves for a satisfying profit.

Currently, the Bollinger Bands are widely opening downward, breaking below the middle band at 769, and running close to the lower band, indicating a standard bearish downtrend; rebounds are just pressure corrections.
The KDJ indicator shows a death cross at high levels, with sufficient short-term bearish momentum, mainly bearish in the short term; in the short term, test the 76534 intraday low support, holding this will lead to a slight weak rebound; once broken, it will accelerate downward; rebound height is limited, belonging to a downward correction rebound.

First short-term resistance: 769 (Bollinger middle band, a key level of strength and weakness)
Second strong resistance: 771 (Bollinger upper band), any rebound here will face resistance and fall back

Support levels
First immediate support: 765 (intraday low), holding here is necessary for a slight rebound
Second strong support: 760 integer level, breaking this opens the downward space completely, ultimate defensive support: 755

Trading suggestions
BTC rebound in the 769–775 range, go short directly, target 760-748
ETH rebound in the 2130–2160 range, go short, target downward to 2100-2058-2000#TradFi交易分享挑战
BTC-2.19%
ETH-3.65%
View Original
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
  • Pinned