Wednesday Morning Jingyi's Analysis of Silk Exposure

In the early morning, the market rebounded as expected near 109100 before pulling back. Bitcoin briefly broke above 109000, then fell back to 108500 where it found support and rebounded, currently oscillating around 108600.

The daily chart shows a progressively lower high, with prices still under pressure from a downward channel. The short-term rebound has not effectively broken through key resistance, and the bears still control the pace.

Current prices are in a critical zone of long and short contention, with the long upper shadow of the candlestick indicating significant selling pressure above, and bulls facing obstacles in their advances. The arrangement of moving averages shows a bearish advantage. Although the short-term price has shown resilience, the resistance at the high of 109700 has not been substantially breached.

Trading Suggestions

BTC Short in the range of 109000-109500, target 107500

ETH Short in the range of 2630-2650, target 2550#突破交易策略 $BTC $ETH