Monday Early Morning Jing Yi's Thinking

Various news coming in rapidly, many friends are unsure whether to go short or long now? From a technical perspective, the 4-hour Bollinger Bands are tightening with oscillation, standing firm above the middle band at 634.

MACD maintains a golden cross, with the red histogram continuously expanding, indicating that the short-term bullish momentum is still repairing; the upper Bollinger Band faces strong selling pressure, limiting the rebound space, and the weekly chart remains bearish without reversal, only a correction after oversold conditions.

Short-term resistance at 647, strong resistance at 660
Short-term support at 634, strong support at 622, if broken, continue to look lower

Concubine's short-term resistance: 1749, 1800
Short-term support: 1715, strong support at 1680

Trading Suggestions
Bitcoin rebounds to stabilize around 634-636 to go long, target 647;
Rebound near 647 with signs of stalling, consider shorting with targets at 635 and 622.

Bitcoin rebounds to 1740-1749 with resistance, consider shorting with a stop loss above 1760, targets at 1715, if broken, look at 1681;
Revisit around 1715 with short-term longs, take profit near 1740, exit quickly, no long-term holding.

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