Friday Afternoon Jingyi's Analysis on Silky Exposure
The big pie surged to around 121,000 in the morning, then retreated, touching the 119,000 line before stabilizing and rebounding. It is currently consolidating around 120,400.
The morning alert indicated to continue short positions, and the current short orders are still held, requiring patience to wait for space.
From the market perspective, the situation is in a tug-of-war state, undergoing a final test, which is consistent with the morning strategy prediction. There is strong resistance above, with three attempts to break through failing. The three consecutive daily candles appear strong but are actually small-bodied fragmented candlesticks, indicating that there is still a long way to fully recover lost ground and strengthen.
On the four-hour level, the Bollinger Bands have narrowed and are now diverging in parallel. The intraday rebound high and retest low have slightly lifted compared to yesterday, but the volatility is shrinking, indicating that the short-term bulls have a slight edge. However, the momentum is nearly depleted, making continuation difficult.
The strategy for the afternoon remains unchanged, continue short:
BTC Short in the 120,500~121,000 range, target 118,000. #美国众议院通过三项加密货币法案 $BTC