Friday morning — Jingyi’s outlook



Last night, BTC surged to 644 and then fell back, dipping to a low of 629, and closed at 637. There is clear overhead selling pressure, and the price action is relatively weak.

From a technical structure perspective, indicators show that KDJ’s J value has reached 98, which is severely overbought. Short-term rebound momentum has been depleted, and the need for a pullback is increasing. At the moment, it looks more like a technical repair within a downtrend. Resistance above at 640-642 is relatively heavy, and the bearish trend has not changed.

Trading suggestions:
For BTC, during the 643-648 rebound zone, consider opening shorts in batches. Set a stop-loss above 653. Targets: 630 and 625. Trade mainly in line with the trend.

For ETH, during the 1780-1820 rebound zone, set up shorts. Targets: 1750 down to 1700.

#分享美股交易赢英伟达股票
BTC-3.46%
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GateUser-d7bf3671
· 15h ago
How does Hype look? Will it drop further?
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