Monday Morning Jing Yi’s Trading Strategy Analysis

A new week, a fresh start, everyone, good morning! This weekend was lively! Big Bing’s long-term profit-taking has hit 3100 points; Little Bing’s long-term profit-taking has hit 145 points—felt great. Big Bing has been continuously retreating from the 738 mark, and the low has touched around 705.

On the daily chart, the sideways-to-downward pattern remains, with the overall price action moving within a range box and undergoing wide-range consolidation. In the short term, upward pressure failed to break through the upper boundary of the box, so a pullback correction is an inevitable trend. Pay close attention to the support zone at 680-650; if there is an effective breakdown, then look toward 630. If support stabilizes and does not break, then consider a counter-trend long setup. On the hourly timeframe, the moving averages are turning downward; any intraday rebound can be followed by shorting accordingly.

Trading Recommendations
Arrange BTC sell orders in the 710-716 range, with targets sequentially at 690 and 680.#Gate上线Pre-IPOs