Saturday Morning Jingyi Trading Strategy Analysis

Happy weekend! This time, the sharp decline in the cryptocurrency market was mainly due to a change in Federal Reserve policy expectations: the nomination of hawkish Kevin W. Warsh as Federal Reserve Chair raised market expectations of balance sheet reduction and delayed interest rate cuts, triggering concerns over tightening dollar liquidity; combined with a 17% single-day plunge in silver that caused panic in the commodity markets, and a tech stock sell-off in the US stock market, multiple negative factors resonated, leading to a sell-off in cryptocurrencies and other risk assets.

From a technical perspective, Bitcoin's daily chart shows a small bearish oscillation, with bulls and bears fighting, moving averages in a bearish alignment, with clear upward resistance. Overall, it remains in a rebound correction within a downtrend, stopping the decline but the trend has not reversed.

Trading Recommendations
Bitcoin Short in the 84500-84800 range, target 83000-82500.
Altcoin Short in the 2720-2760 range, target 2680-2600#贵金属行情下跌