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Wednesday Evening Trading Analysis by Jingyi
Living up to expectations, Bitcoin oscillated downward today, breaking through the key support of 73000, with a low of 72085. Jingyi's short positions all profited from the decline. After breaking support, it has transformed from support into strong resistance, opening up downside space.
Ethereum moved in sync and weakened, forming a bearish resonance with BTC. The coin price is near the lower band of the Bollinger Bands, the channel is narrowing, momentum is weakening, and it will likely continue to test the lower band.
Trading Recommendations: Focus on shorting bounces
BTC: Short around 725-732, targets 712-700, long-term 680-650
ETH: Short around 2260-2300, targets 2200-2140, long-term 2060-2000
The above is a personal perspective for reference only#Gate13周年全球庆典