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Friday Evening Jingyi Trading Analysis
From a daily timeframe perspective, BTC rebounded and touched the 720-725 strong resistance zone, with multiple upside attempts blocked resulting in a long upper wick. The upside momentum from bulls has clearly weakened. On the 4-hour cycle, MACD formed a bearish crossover at high levels, and hourly timeframe bearish momentum continues to strengthen. Evening setup should focus on shorting at high levels.
Trading Recommendations:
BTC: Short 725-732 range, targets: 71200-70000
ETH: Short 2135-2180 range, targets: 2100-1950
The above is personal opinion for reference only
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