Thursday evening — Jingyi’s strategy: rebound shorting



The current downward channel remains intact. The current movement is just a minor technical rebound after a sharp drop; the bearish main trend is unchanged. The 4-hour cycle trend is also weakening, with prices trading below the moving averages; the MACD bearish green bars continue to expand, while the KDJ has slightly recovered from low levels — this is merely an oversold correction after a significant decline. The overall bearish downtrend has not reversed. Rallies are opportunities to short; blindly bottom-fishing is not recommended.

Bitcoin first resistance: 618-623, second resistance: 629
First support: 590, strong support: 580; if broken, downside target is 550

Ethereum first resistance: 1650-1670, second resistance: 1690
First support: 1550, strong support: 1500, 1450

Trading strategy
On a rally to the 618-623 range with signs of stagnation, place short orders. First target is 590; if broken, look at 580, 550. For short-term trading, only short on highs. Only above 630 can the strategy be briefly adjusted.

Ethereum: short on a rally to 1650-1670 with resistance, target 1551; if broken, look at 1500, 1450.

 
#0成本拿2股SK海力士
BTC-2.81%
ETH-4.91%
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