Monday Afternoon Jingyi Trading Strategy Analysis


The market surged sharply in the morning, catching my short positions off guard. Bitcoin rebounded from the early low around 65,000 to 67,777, while ETH moved in sync, bouncing from 1937 to around 2058. Unfortunately, my morning short positions were stopped out.

On the 1-hour chart, after spiking to 67,777, the price quickly retraced and closed lower. It faced resistance at the upper Bollinger Band, indicating waning bullish momentum. After consolidating at high levels, the upward movement lost strength. The key support below is at the middle Bollinger Band at 66,619. If this level is broken effectively, it could open further downside space, and the trend remains bearish.

Trading Suggestions
Short BTC near 676-680 rebound zone, targeting 668-655, with a long-term target of 638.

The above is my personal opinion for reference only. Please follow your own judgment and specific trading plan.
BTC1,95%
ETH4,22%
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QuicklyRiseUp8vip
· 1h ago
Chong Chong GT 🚀
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