Happy weekend, everyone. After a continuous decline on the daily chart, the last two days' candles have narrowed, showing signs of a bottoming out, but the bearish trend remains unchanged. Looking at the hourly chart: oscillating around 90500, with a temporary balance between bulls and bears.
From a technical perspective, the MACD shows a short-term rebound demand, with a bearish alignment and significant resistance. A short-term technical rebound may occur, with the target at EMA30 resistance; the medium to long term remains bearish. In terms of operation, take a light position to seize the rebound opportunity after supporting at 90500, with a stop loss below the oscillation zone; when the rebound hits resistance and is pressured, consider short positions, but avoid blindly bottom-fishing.
Trading Suggestions: Bitcoin (BTC) in the 90800-91500 range: short, target lower at 89800-88500
Altcoin (e.g., ETH) in the 3100-3130 range: short, target lower at 3070-3040
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1.11 Morning Jingyi Trading Strategy Analysis
Happy weekend, everyone. After a continuous decline on the daily chart, the last two days' candles have narrowed, showing signs of a bottoming out, but the bearish trend remains unchanged. Looking at the hourly chart: oscillating around 90500, with a temporary balance between bulls and bears.
From a technical perspective, the MACD shows a short-term rebound demand, with a bearish alignment and significant resistance. A short-term technical rebound may occur, with the target at EMA30 resistance; the medium to long term remains bearish. In terms of operation, take a light position to seize the rebound opportunity after supporting at 90500, with a stop loss below the oscillation zone; when the rebound hits resistance and is pressured, consider short positions, but avoid blindly bottom-fishing.
Trading Suggestions:
Bitcoin (BTC) in the 90800-91500 range: short, target lower at 89800-88500
Altcoin (e.g., ETH) in the 3100-3130 range: short, target lower at 3070-3040