Friday midday Jingyi trading analysis



Bitcoin is oscillating and swinging around 70,500, with the key support level at 70,000 for both bulls and bears. This rebound is merely a technical correction within the downtrend and does not indicate a trend reversal.
Against the backdrop of waning expectations of interest rate cuts and tightening macro liquidity, short positions are dominant in the short term, and the probability of a pullback after rebounds is very high. Short-term longs can consider small positions, but the main trend remains bearish.

Trading suggestions
BTC: Short positions within the 718-725 range, targeting 700-689
ETH: Short positions within the 2160-2210 range, targeting 2100-2010

The above is a personal opinion for reference only. Specific trading decisions should be based on Shi Pan's guidance.

#Gate13周年全球庆典
BTC1,06%
ETH-0,74%
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