Monday Afternoon Jingyi Operation Silk Analysis

The big pie continues to fluctuate, is a breakthrough ahead?

Recently, the fluctuations have made the big pie's volatility relatively small, and many people are bullish, believing it can reach 130,000 - 150,000. Is that true? There are no major events in the news, and the impact of the U.S. tariff war is sometimes tight and sometimes loose, failing to sustain momentum.

From a technical perspective, the daily and weekly charts are extending horizontally, and the wide zigzag pattern is not suitable for deep chasing. The overnight tail end closed low but did not break the previous low around 116,400, and then recovered to return to the 119,000 area. It's difficult to judge strength and weakness, so we temporarily stick to range trading: short at highs during the European and American sessions, and consider going long again in the early morning.

Trading Suggestions

BTC short in the 1195 - 1201 area, target 116500, if not broken then go long $BTC $ETH