Wednesday morning Jingyi trading outlook



Last night’s CPI data cooled significantly, which is favorable for crypto prices. BTC surged to 650, met resistance and pulled back; this morning it again showed strong momentum and broke through that level. There is a strong need for a short-term pullback.

The 1-hour candlestick chart is sticking closely to the upper Bollinger Band, and the deviation value is too high. The KDJ and MACD bullish momentum is weakening, and there are signs of a rollover and pullback. In the short term, first watch the Bollinger middle band support at 638.

Trading plan: don’t chase after price rises; focus on shorting at rebounds
BTC: place short orders in batches at 652-657, targeting 638. If 63800 holds steady, you can take a short-term low-to-long; if it breaks, then look for 625. Apply strict stop-losses throughout.

Yesterday, the 628 current-price “empty-lot” short is still being held. After adding to the position, the average price is around 640. I’ve reminded multiple times about the “light-lot” trading method #Gate6月透明度报告
BTC2.16%
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