Wednesday afternoon, Jingyi's strategy: short at highs

21:00 Walsh is about to give a speech, will the crypto market drop first as a tribute???
BTC lost 580, ETH fell over 3%, over 85k people liquidated in 24 hours, the market is pricing in bearishness ahead of his first public speech.

BTC's previous high of 655 has been volatile and declining, the current dip hit a low of 577, overall in a descending channel, highs and lows continuously moving down, the major trend is bearish. Intraday resistance is obvious, with upper resistance zone 590–595, lower support at 577

Coupled with the expectation of Walsh's hawkish speech at 21:00 tonight, macro bearishness suppresses crypto risk assets, the overall environment is bearish.

Trading Suggestion
BTC rebounds to resistance 590–598 range, if stalling, short with first target 577, break below look at 570, 550, 450

ETH rebounds to 1595-1620 range, set up short positions, look down to 1550, 1510, break below look at 1450-1320

#Strategy拟回购股票