Thursday Morning Jingyi Operation Analysis



After the early morning sharp decline, the market consolidated with oscillations. The Fed's remarks were neutral, but market sentiment remained weak.
BTC rebounded to 71900 under pressure, pulled back to 70400 to stabilize, currently oscillating around 71000;
ETH rebounded to 2225 under pressure, pulled back to 2150 to stop the decline, currently oscillating around 2190.

Daily chart view: BTC formed a large bearish engulfing pattern consuming previous gains, with cloud-covered top formation, breaking below the 5 and 10-day moving averages. MACD is about to form a death cross. Daily adjustment risk is increasing. Key support below is 70000-70456.
On the 4-hour chart, the uptrend has broken down with a cliff-like decline, breaking below the Bollinger Bands. Short momentum is strengthening. Any rebounds are high-risk shorting opportunities.

Operation Suggestions:
BTC: Short 715-720 range, first watch the 70000 level, swing target 68600
ETH: Short 2210-2240, watch 2170-2120, swing target 2000

The above is a personal opinion for reference only. Specific operations should follow Shipin#Gate13周年全球庆典
BTC-5,16%
ETH-6,72%
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ChainStrategyStudyGroup-vip
· 4h ago
Excellent, excellent
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