Thursday Morning Jingyi Trading Strategy Analysis



High resistance pressure, rebound to shorting levels. Bitcoin surged yesterday but then pulled back. In the morning, it tested 727 and faced resistance, then declined after failing to break 728 in the evening, currently around 709.

After an early surge, the technical indicators are overbought, and a short-term pullback to repair is underway. Currently, upward movement is encountering resistance, so the focus for the day is on shorting rebounds.

The daily chart remains in a wide-range consolidation. Since bouncing from 655, it has faced resistance at the upper boundary of the box. Do not chase longs at high levels. The 4-hour chart shows consecutive long upper shadows, with a failed second attempt to push higher, indicating significant selling pressure above.

Trading Suggestions:
BTC Short in the 715-720 range, targeting 690-680. Adjust positions according to individual risk tolerance.
BTC-0,54%
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