Thursday Midnight Jingyi Trading Analysis



Daily three consecutive bullish candles have failed to form an effective breakout. Continuous doji and small candles near the upper band signal weakening bullish momentum. The Bollinger Band middle band is moving sideways, with the price showing high-level consolidation. Without rapid volume expansion and rally, it will likely retest the middle band or even the lower band.

From the four-hour structure, the highs are continuously declining with weakening intent to chase rallies. K-lines are converging within a triangle range, with a reversal window approaching. Upside momentum is insufficient while downside space has opened up.

Key focus on the 71000-71500 trendline resistance. Without a volume breakout here, any bounce is trapping longs. If support at 69000 breaks down, it may accelerate lower.

Trading Recommendations
BTC: Short 709-715 range, target 695-683
ETH: Short 2090-2120 range, target 2050-1980

The above represents personal views for reference only.
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