Wednesday Morning Jingyi's Analysis on Silk Trading

After a deep market decline, corrections can be made by buying on dips in the morning.

Yesterday, the price of Bitcoin fell again, touching a low of 105200 before rebounding, currently around 105700. The strategy is public and accurately matches the market situation.

From a technical analysis perspective, Bitcoin is showing a range-bound fluctuation on the daily chart, lacking a one-sided trend; although the short-term trend is generally bearish, the hourly chart has seen a significant decline, and a rebound correction is expected. Therefore, today we can first focus on the rebound market, and later look for opportunities to short in the evening.

Trading Suggestions:

BTC Buy in the range of 105500-105200, with a target of 106500-107500

ETH Buy in the range of 2400-2380, with a target of 2450-2500