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Saturday afternoon Jingyi operates silk dew analysis
The market is fluctuating downwards, and it is still recommended to short after a rebound.
Recently, Bitcoin has continued its volatile trend, peaking at 107,800 yesterday before retreating. Although there was a rebound, the overall fluctuation remains within a thousand-point range, leaning towards a downward consolidation.
From the market perspective, Bitcoin's daily chart is in a high-level range-bound consolidation, with poor continuation for both bulls and bears. After three consecutive bullish candles, it is showing signs of stagnation, with a doji candlestick indicating a potential change in trend. The 4-hour Bollinger Bands are narrowing, and limited volatility is expected over the weekend. The key resistance level is around 108,000, where short positions can be considered in this area.
Operation suggestion:
Short BTC in the range of 107500 - 107800, targeting 106300 - 105500;
Short ETH at the range of 24400 - 24600, with a target of 2350 - 2300. #中心化交易所Top3的重塑时刻 #Kevin Lee入驻Gate广场 #香港数字资产政策2.0发布