Friday Morning Jing Yi Trading Strategy Analysis



On Friday morning, yesterday saw the big coin (BTC) trade in a volatile range at high levels, with price oscillating in a tug-of-war. After pulling back to around 730 to find support, it rebounded, but it met resistance around the 755 area and lacked sufficient upward momentum. Throughout the day, it formed a range-bound consolidation pattern, with buyers and sellers locked in a stalemate. The prior high-level short strategy went smoothly and successfully captured profits. However, resistance overhead remains significant, and during the rebound process, it is still suitable to place short orders in line with the trend.

From the daily chart, the moving average system is intertwined, and price is in a high-level sideways consolidation phase. The 755 to 760 zone forms strong resistance, while 730 below is a key support level. Once this level is broken, the sell-off may extend further. The 4-hour chart shows no clear directional guidance; the market repeatedly swings within the range, waiting for a breakout.

Trading Recommendations
BTC Place short positions in the 753-758 range, with targets looking down at 730-710
#GatePreIPOs首发SpaceX
BTC-0,01%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin