Thursday Morning Bitcoin / Mistress Jingyi's Market Outlook

Federal Reserve's debut speech, Wosh's overall tone is hawkish, after a sharp decline, it slightly rebounds at low levels, Ethereum shows more volatility; after a short-term oversold condition, a corrective rebound occurs, but the overall trend remains bearish, MACD green bars are shortening, indicating a short-term correction after oversold conditions, the rebound is a technical bounce after a decline, not a reversal of the bull trend.

First support: 64,380, the intra-day low rebound center, a break below invalidates the rebound
Strong support: 638, the key bottom of this round of decline, an effective break below would open up new downside space

First resistance: 651
Second resistance: 659
Intra-day strong resistance: 663

Trading Suggestions
Bitcoin rebounds to 648-655 and faces resistance, do not break through and go short directly, first target is to watch for a break below 643 to 638-615, the daily chart shows a bearish dominance, and high-probability short positions on rebounds are more favorable.

Mistress short-term support: 1741
Strong support: 1724, once broken, the rebound ends, and the weakness resumes

First resistance: 1767
Second resistance: 1792
Intra-day strong resistance: 1809

Trading Suggestions
Rebound to 1765-1790 with resistance, delay the rally and go short, first target is 1742, if broken, look at 1724-1650#我的Gate交易时刻