Friday Morning Jingyi's Analysis of Silk Exposure
Last night, Bitcoin quickly fell back to its starting point after hitting the 110,000 mark, followed by a rapid rebound. The trend of Ethereum is similar to that of Bitcoin, having dropped to 2563 before rebounding, currently facing resistance around 2600.
The daily chart shows a small bullish candlestick with a slow upward trend, while the hourly chart exhibits fluctuations. Although there are pullbacks after each rise, the peak of the fluctuations continues to rise, indicating that the bulls still have upward potential. However, the overall situation is currently in a high-level consolidation, and given that Bitcoin is under pressure at the 110,000 mark, it is advised to operate within a range in the early session, primarily focusing on short positions at high levels.
Trading Suggestions
BTC Short in the range of 109700-110000, target 108500;
ETH Short near 2600, target 2550.
