Sunday Evening Jingyi Operation Strategy Analysis
The daily chart shows that recently there was a rebound from 117300 to 118000, forming a small bullish candle, but overall it is still in the phase of oscillation and repair after a significant previous decline.
On the hourly chart, after encountering resistance near 118484, it has pulled back and is currently showing a narrow range of oscillation at a high level, with no clear direction in the short term. The short-term volatility space is limited. The daily EMA arrangement is bearish, and the long-term trend remains weak. It is recommended to maintain a short position in the short term.
Operation Suggestion
BTC short near 118000, with a target around 116800 (short-term can focus on range trading)
Market conditions change rapidly, and this strategy is for reference only.
