Wednesday Morning Jing Yi Trading Strategy Analysis

Overnight market suddenly surged strongly, with BTC rising to around 727. The bullish trend is warming up, and short positions are under significant pressure. Currently, the upward momentum is diminishing, and the market is entering a slight pullback correction phase.

The four-hour cycle relies on the middle band of the moving average for support, steadily rising. An increasing volume of bullish candles broke through the short-term consolidation range, directly breaking the short-term sideways structure, establishing a short-term bullish trend. However, the risk of chasing gains at high levels is relatively high, with the 730 resistance level showing a significant pressure effect. It is not advisable to blindly follow long positions.

Intraday trading core idea: Prioritize observing the pullback and consolidation phase. Once a stable signal is confirmed, consider entering long positions.

Operational reference:
BTC Try shorting in batches within the 723—730 range, targeting the 710—700 zone;
If the downward momentum weakens, and the decline does not continue with a stabilization, immediately switch to long positions. #Gate广场四月发帖挑战