Friday Morning Jing Yi Trading Strategy Analysis
Bitcoin experienced an early morning surge followed by a pullback, bottomed out and then rebounded. After stabilizing at 65,700 and bouncing back to 67,400, it faced resistance, retraced to 66,550 for support, and ended the session oscillating around 66,900. Short-term selling pressure has been absorbed, entering a stage of high-level decision-making. ETH moved in sync, rebounding from 2,050 to above 2,070.
Daily chart: BTC closed with a doji after a mid-week bearish candle, remaining below the upward channel, so the downtrend remains unchanged. Four-hour chart: trading within a low zone in a downtrend. Watch for resistance at 67,400 and support at 66,000. As long as 68,000 is not broken, the bearish pattern persists, awaiting a volume-driven decline.
Trading Suggestions:
BTC: Short in the 670-675 range, target 660, with a break below targeting 650 and 638.
ETH: Short in the 2060-2080 range, target 2020-1990, with a break below targeting 1860.
The above reflects personal views and is for reference only.