Thursday Midday Jingyi Operational Analysis

Waterfalls may be late, but they never fail to arrive. The pullback we predicted earlier has materialized as expected. After BTC's eight consecutive days of gains, the top structure has been confirmed, with bullish momentum continuously weakening. The price action aligns with expectations: if biased strong, it will experience a bull trap and secondary surge; if biased weak, it will directly pullback. After breaking support in advance, the impact of overnight news on the market has weakened. The interest rate hold aligns with the current macroeconomic environment.

After BTC broke below the ascending channel, it accelerated downward with a decline of nearly 4000-5000 points. Jingyi also took a big hit. This round of upward wave has officially ended, and we can continue the trend by shorting on rebounds.

Currently, price has touched the first support zone near 70,000. After the sharp decline, it will likely enter a pullback consolidation phase within the downtrend.

Subsequent Strategy:
If the rebound is strong, it could retrace to the 72,500-73,000 zone.
If the rebound is weak, it will directly initiate a new round of decline.

Operational Suggestions:
BTC: Can set up short positions near 725. If it effectively breaks below the 690-70,000 support level, the downside target looks toward the 686-640 zone.

The above represents personal views for reference only. Specific operations should be guided by Shiping.

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