Sunday Early Morning Jingyi Trading Analysis



The bulls own everything, the bears lost it all. Yesterday's daytime session was really numbing. In the evening, BTC rebounded to 710 and then pulled back to around 688. Major players often launch surprise moves in the deep night.

From the 4-hour timeframe perspective, the Bollinger Band continues to narrow. Short-term rebounds are capped by the middle band, with the overall trend still dominated by bears. The hourly chart shows consecutive down days with pullbacks and volume-down confirmation of the bearish structure.

Over the weekend, range-bound consolidation is most likely, with single-directional moves unlikely to materialize. Aggressive short-chasing is not recommended. Focus on the 68,000 support level in the short term. Any rebound presents a momentum-based shorting opportunity.

Trading Recommendations:
BTC: Enter shorts in the 693-670 range, targets at 680-660-650

The above represents personal views for reference only. Specific operations are subject to Stone Plate #Gate13周年全球庆典
BTC-1,99%
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