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1.10 Jing Yi's Trading Strategy Analysis
Happy weekend! Dear friends, the daily chart of Bitcoin clearly signals a downward trend. The long lower shadow candlestick confirms that the price is entering a high-level consolidation zone.
An early morning rally failed to break through the previous high, and the 4-hour chart's rebound from the bottom struggles to change the bearish trading momentum; since yesterday, the pullback within the rally structure has continued, with diminishing rebound strength.
The volume-price structure indicates that bullish momentum is weakening. The trading strategy is primarily to short at resistance levels and buy on dips, focusing on key resistance points to establish short positions.
Trading Suggestions
Bitcoin #GateFun马勒戈币暴涨1251.09% : Short in the 90800-91300 range, target 89000
Altcoin : Short in the 3100-3150 range, target 3050-3000