Friday Morning Jing Yi's Thinking


It's the last working day of the week again. The fairest thing in the world is that everyone's time is the same. Yesterday, the overall market remained flexible with both longs and shorts. Bitcoin hit 2613 points, and oil at 20145.

From the daily chart perspective, both Bitcoin and Ethereum are still consolidating at high levels, with no clear signs of topping out or breaking down. It’s in the "high-level oscillation and shakeout" stage. Keep buying low and selling high.

ETH has short-term support at 2,120-2,110.
If it breaks below 2,110, bears may test support at 2,100-2,095.
Only if it breaks above 2,140 resistance can it challenge the previous high of 2,156.

BTC has short-term support at 770 below, with no breakdown so far. It’s in a sideways, slightly bearish consolidation, not yet signaling a one-sided decline.
If it breaks below 770, bears may further test support at 765.
Reclaiming above 778 gives bulls a chance to challenge the previous high of 781.
BTC-0.4%
ETH-0.39%
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