BTC is oscillating around 70500, with the 70000 level being a key support for bulls and bears. This rebound is only a technical correction during the downtrend, not a trend reversal. Against the backdrop of cooling rate cut expectations and tightening macro liquidity, short positions dominate in the short term, with a high probability of rebound pressure leading to a pullback. Short-term longs can consider taking a small position, but the main direction is still bearish.
Trading Suggestions BTC Layout shorts in the 718-725 range, target 700-689 ETH Layout shorts in the 2160-2210 range, target 2100-2010
The above are personal views for reference only. Specific trading operations are based on Stone Plate guidance.
Friday Midday Jingyi Trading Analysis
BTC is oscillating around 70500, with the 70000 level being a key support for bulls and bears. This rebound is only a technical correction during the downtrend, not a trend reversal.
Against the backdrop of cooling rate cut expectations and tightening macro liquidity, short positions dominate in the short term, with a high probability of rebound pressure leading to a pullback. Short-term longs can consider taking a small position, but the main direction is still bearish.
Trading Suggestions
BTC Layout shorts in the 718-725 range, target 700-689
ETH Layout shorts in the 2160-2210 range, target 2100-2010
The above are personal views for reference only. Specific trading operations are based on Stone Plate guidance.
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