Jingyi Midnight BTC Trading Strategy Analysis

Currently, Bitcoin is consolidating at a high level with decreasing volume on the daily chart. After a pullback and adjustment, it has risen again, continuously testing the resistance levels above. Recent news has become clear, and the bullish strength has not yet been fully released, so there may be a new upward opportunity in the short term.

The 4-hour chart shows that after a high surge yesterday, the market fell back slightly but quickly returned to the upper track for oscillation. The downward movement has not continued, and the moving averages are arranged horizontally, with the market in a temporary state of equilibrium between bulls and bears.

Overall, the market is still dominated by bulls, and future operations can continue to focus on low-level long strategies to seize the upward opportunities.

Trading Suggestions

BTC Long in the range of 116500-117500, target 119000, and if it breaks through, look further at 126000. Each should strictly implement their own defense. $BTC