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Analysis for Friday, 7.25 AM
Market Analysis: On the four-hour level, after a two-day rebound, the market has retraced. The resistance at 119500 is strong, close to the middle band of the Bollinger Bands, still within a consolidation range. The MACD fast and slow lines are converging, with bulls and bears in a tug-of-war.
On the hourly level, after a large bearish pullback, there is a subsequent bullish rebound. KDJ shows a death cross, and the MACD histogram is shrinking above the 0 axis. Before the resistance is broken, maintain a high short strategy for the rebound.
Operational Suggestions
BTC:119500 near short, target 117000
Two Cakes: 3750 nearby empty, target 3620#BTC