Monday Midnight Jingyi's Operation Silk Exposure Analysis
The current market is repeatedly testing the support level, but the rebound strength is gradually weakening, which means that the support level is becoming increasingly ineffective in supporting the price to strengthen further. After multiple tests, the support function of the support level is continuously diminishing.
In the short term, each pullback can be seen as bullish momentum, serving as a reference for secondary-level assistance. Overall, the short-term strategy should be to respond with a range-bound approach, and each pullback presents a good opportunity to enter long positions.
Operation Suggestions
BTC: Long can be taken in the range of 117000-116000, with an initial target of 119500.
ETH: Long can be taken directly around 3750, with an initial target of 3880
