Wednesday Afternoon | Jing Yi’s Thoughts



In the morning, the Bitcoin market was weak, drifting downward with a bearish trend. Bitcoin dropped from 762 to 752, as the shorts concentrated their pressure release. After moving out of the 1000-point range, it has now rebounded slightly to 757, but the rebound lacks strength, and the overall tone remains bearish.

On the technical side, the four-hour chart shows a clear descending channel. The moving averages form a death cross, suppressing the price. The MACD and RSI indicators show that bearish momentum is sufficient, and there are currently no signs of a bottom. The 752 support only temporarily halts the selloff; the rebound is an opportunity to enter for a short.

Trading Suggestions
For Bitcoin, consider laying out a short in the 760-766 rebound range. If it effectively breaks below 752, the downside targets are 746-738.

For Ethereum, consider laying out a short in the 2085-2110 rebound range. The downside targets are 2050-1980.
#股票交易挑战最高赢17000U
BTC-3.6%
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