Saturday Morning Jingyi's Analysis of Silk Exposure
Happy Weekend!!!
The Bitcoin market has recently experienced wide fluctuations, surging to 107700 last night before retreating, with effective support at 106300, currently around 107000. Yesterday, both bulls and bears made a profit of 4298 points.
On the daily chart, after a rebound, the price surged and then retreated, forming a long upper shadow with gradually descending highs, indicating that both bulls and bears have their advantages. The 4-hour chart shows the price maintaining a consolidation at high levels, with the Bollinger Bands tightening, and the market exhibiting a fluctuating pattern. Due to low volatility and light trading over the weekend, the strategy focuses on a fluctuating approach, selling high and buying low.
Trading Suggestions:
BTC short in the range of 107400-107900, targeting 106700-105000. (If it doesn't break, reverse to short)
This strategy is for reference only; trading should be approached with caution. Wishing all fans smooth sailing!
