Tuesday Afternoon Jingyi Operation Strategy Analysis
The market is volatile, and a pullback can be used to continue buying.
Bitcoin dropped after rising to around 119700 yesterday, rebounding after hitting a low of 115800 this morning, currently around 117500. The morning suggestion is to buy on the dip, the market first fell by 700 points, then rebounded by 700 points. The overall rhythm is slight, and the operation is still treated with volatility, sell high and buy low, not too structured during the daytime.
The daily chart shows a volatile downward trend, with insufficient buying pressure at high levels, and short-term influence from Ethereum's strength, limiting the pullback. Ethereum has recently shown strong performance, and can be followed up until it pulls back. The 4-hour chart is in a range of oscillation, with support at 115500 below and resistance at 120000 above; if it does not break, operate around this range.
Operation suggestions:
BTC 117000-117500 buy, target 118500-119500
