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1.8 Morning Jingyi's Trading Ideas: Pullback to Add Positions
1.8 Thursday: Bitcoin shows weakness with limited downward momentum; consider adding long positions on the dip in the morning.
Yesterday, Bitcoin oscillated and weakened, dipping to around 90600 in the early hours before stabilizing and rebounding, currently around 91400.
After a series of daily green candles, a large bearish candle closed with a pullback. Although the momentum was strong, a single bearish candle does not change the overall trend; short-term pullbacks are not signs of reversal. On the 4-hour chart, the price quickly stopped falling after touching the lower Bollinger Band, indicating limited downside space. Be cautious of rebounds when chasing shorts at low levels.
Trading Suggestions:
Buy in the 90500-91000 range for Bitcoin, target 93000-95000.
Buy in the 3140-3100 range for Ethereum, target 3200-3250.