Thursday Morning Jing Yi's Thinking


From the current market situation, it belongs to the stage of low-level fluctuation repair and slight rebound after a sharp decline, with a short-term bias toward oscillation and slight bullishness, but overhead resistance is heavy, not suitable for chasing highs, suitable for dip buying on pullbacks and shorting under pressure.

Short-term moving averages are turning upward, and the price is stabilizing above the short-term moving averages, indicating a short-term bullish correction, with strong support around 772.
MACD indicator, the two lines are about to form a golden cross at low levels, the green bars are converging, bearish momentum is weakening, short-term rebound momentum is still present, but a strong bullish trend has not yet formed.
Short-term support: 772–773
Strong support: 768–766 (the low point of this round of rise)
First resistance: 782–785 (the previous sharp decline starting point)
Strong resistance: above 790
Trading Suggestions
Bitcoin pulls back to the 772 support zone, if not broken, lightly go long, target a rebound to 785, with resistance at 784–786 showing signs of stagnation and long upper shadows, lightly short on dips, target a pullback to 775.
BTC-2.79%
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