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1.8 Afternoon Jingyi Trading Strategy
Bitcoin broke through resistance the day before yesterday and is holding at 90,000 today. The market is truly weak! What kind of trend is this? It’s clearly “looking for explosion and liquidation.” There are long positions stacked at 90k with explosive liquidation orders, and only above 95k do the bears find their sweet spot.
Currently, Bitcoin is following the trend to short, and the market’s operational logic clearly points downward. The power of the trend is irreversible; the previous rally already indicates the potential for subsequent pullback. Going with the trend is the core principle of trading. The key target levels for the near future are clear: Bitcoin may dip to 87,000, and the second target is directly at 2,900. The downward momentum still exists, so do not rush into the market to catch the bottom!
Trading Recommendations
Bitcoin: Short near the rebound at 908-914, with targets down to 899-890.
Second Bitcoin: Short near the rebound at 3150-3180, with targets down to 3090-3000.