Tuesday Morning Jing Yi's Thoughts

Bitcoin continues to decline steadily to a low of 706, then rebounds after touching the 717 level, but faces resistance on the upside. Currently, the market lacks upward momentum, and the price has fallen back to around 710 for sideways consolidation, with weak rebound strength, seen only as technical correction, not a trend reversal.

From the daily chart perspective, the overall trend remains in a downward channel, with the weak oscillation pattern unchanged, dominated by bears. Ethereum's trend is synchronized. At this stage, it is not recommended to blindly go long at low levels; short-term quick in and out is difficult and risky, as a spike could easily lead to trapped positions or liquidation, with limited trading value.

If Bitcoin's rebound can stabilize above 725, then consider switching to a bullish approach; otherwise, continue to treat it as oscillating and biased downward, with the main short strategy unchanged, and the lower target focusing on the 700 support level.
Regarding Ethereum, continue to rely on around 2030 to establish short positions, with the target down to the 1980-1900 range. #Gate正式推出股票交易