Friday Morning Jingyi's Analysis of Silk and Dew

Overall, the market is in a range-bound fluctuation with no clear trend in either direction, and the volatility is limited. The movements of Yitai and Dabing are similar, and the price fluctuations are not significant.

From the four-hour level, the initial phase showed a continuous decline resulting in bearish candles, followed by a rebound. Although the current upward momentum is slow, the trend is improving, and the price has started to rise, potentially continuing the upward trend. Previously, a V-shaped reversal occurred, and it is currently fluctuating near the center of the four-hour chart, with minor pullbacks being normal.

Based on the current trend, there is sufficient upward momentum in the market, and during the process of consolidation, the lows are continuously rising, urgently needing to break the range to open new space. At this stage, it has entered a period of sideways consolidation again. It is advised to sell high and buy low.

Suggested Strategy

BTC range 1049-1053, target around 1040.

This strategy is for reference only, please trade cautiously. Wishing all fans smooth sailing.