2026-03-25 04:58:24

Wednesday Midday Jingyi Operation Analysis

Bitcoin surged higher then retreated, showing signs of fatigue. The range-bound trading favors shorting at highs. The daily chart closed with a long upper wick, with significant selling pressure above. 714 is a key short-term resistance level, corresponding to the lower edge of the dense trading zone from early March. Bulls lack the strength to break through. Below, 689 is strong intraday support; losing this level could trigger stop-loss orders and spark further decline. Currently, the market is dominated by short-term oscillations; prioritize shorting on rebounds at highs.

Operation Suggestions
BTC: Establish short positions in the 709-715 range, targeting 700-689

The above is a personal view for reference only. Specific operations should be based on actual market conditions. #Gate正式接入Polymarket

BTC-2,89%

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