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Monday Evening Jingyi Trading Strategy Analysis
Intraday, BTC dipped to 65,500 and stabilized before rebounding, reaching 68,400 and facing resistance, then pulling back. Currently, it is consolidating within a range.
The hourly Bollinger Bands are widening, with the price briefly breaking below the lower band and quickly recovering. It has broken through the middle band but encountered resistance at the upper band. The rebound does not indicate a reversal; the long-term trend remains bearish.
Trading Recommendations
BTC: Short at 68,800-70,500, target 65,700-64,200
ETH: Short at 2,030-2,100, target 1,920-1,870