Wednesday Evening - Jingyi's Trading Strategy

From a technical perspective, BTC touched the critical resistance zone of 71,500-72,000 and showed a significant weakening of upward momentum. This area is a historically dense trading zone with heavy locked-in positions and selling pressure. Without sustained volume from buying support, the stagnation at higher levels is evident.

Recent trends show weak continuity on both sides, with repeated oscillations at high levels. Both bulls and bears are temporarily in a balanced state. After price rebounds to the upper end of the range, the risk of chasing longs far outweighs the gains.

The day session will likely consolidate within resistance, oscillating below the 72,000 level. Before firmly establishing above 72,000, rebounds are more likely to be bull traps testing resistance, with subsequent pullbacks likely for confirmation.

The strategy focuses on shorting at highs—do not chase rallies. Wait for rebounds to lose momentum (watch for signals like long upper wicks and engulfing patterns on 15-minute/1-hour timeframes), then selectively short. Key support levels to watch below: 70,000 and 69,500. Currently holding short at 715, maintain patience and control position sizing.

Trading Recommendations

BTC: Currently holding short at 715, short-term target 600-1000 points below, after breakout target 695-680
ETH: Short around 2,200, targets at 2,170-2,000

The above is a personal perspective for reference only. Actual trading operations should be based on your own judgment.

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