Wednesday Afternoon Jingyi's Analysis of Silk Exposure
The market shows a wide range of fluctuations, and it is expected to continue downward in the afternoon. The price movement is indeed slow. After the price surged to around 120300 in the early morning, it encountered resistance and fell back, with the current low returning to about 118400.
This morning, it was clearly suggested to short Bitcoin in the early session, and now there has been a drop of over a thousand points, which has been captured. Currently, it is in a broad fluctuation rhythm, and the downward trend still has continuity. In the afternoon, it is recommended to continue shorting and watch for a pullback.
Trading Suggestions
BTC Short in the range of 118800-119000, targeting around 116500;
ETH Short in the range of 3720-3740, targeting around 3600-3550.
