Friday morning, Jingyi’s trading thoughts



From Thursday to the early morning, the overall market saw a spike up and then a pullback. After BTC spiked to 663, the bulls lacked follow-through and it fell to 646, where selling pressure eased and there was a small rebound. ETH moved in sync and weakened, dropping from 1955 to 1868. It entered a weak consolidation. The market officially switched back to a pullback rhythm, and the intraday approach is mainly to short on rebounds.

From a technical structure perspective, BTC’s daily chart printed two consecutive bearish candles; the upper band is under pressure. On the 4-hour chart, there have been consecutive red candles; it broke below the Bollinger middle band and lower band. The rebound lacks strength, bears have the advantage, and combined with insufficient bullish volume going into the weekend, it will be difficult to mount a strong counterattack.

Trading suggestions
BTC: Short in the 655-666 range, target 625
ETH: Short in the 1880-1900 range, target 1840

#夏日创作营
BTC0.39%
ETH-0.70%
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ShanDingMediaSiyu
· 6h ago
Just go for it 👊
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NewBillionBillion
· 6h ago
Go for it, just do it 👊
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