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Tuesday Jing Yi Review
The intraday market experienced a V-shaped reversal, with Jing Yi positioning for both long and short trades on Shí Pán, achieving good results. The easing of Middle Eastern geopolitical tensions boosted market risk appetite, combined with BlackRock's new Bitcoin ETF launch, leading to a rebound in bullish sentiment.
Bitcoin initially dipped to support at 656 and then oscillated higher, reaching a high of 672 during the day. The "Auntie" trend was even stronger, with a low of 1768 before rallying to 1818.
On that day, long and short positions were frequently liquidated in both directions. The short-term rebound momentum was sufficient, but strong resistance existed above, and with the Federal Reserve's interest rate meeting approaching, market volatility is expected to continue increasing. Be cautious when making trades, everyone.
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