Tuesday Morning Jing Yi Trading Strategy Analysis

A sharp decline is never the end, but a good opportunity for chip reshuffling—impetuous traders exit in panic, while the confident calmly position themselves!

Review of yesterday’s market: Bitcoin dropped from a high of 95481 to a low of 91816, then rebounded to around 93300 for consolidation; Ethereum also weakened, with a high of 3367 dropping to 3175, and after a rebound, consolidating around 3220. Yesterday’s short-term bearish target was 92000, and this morning it nearly reached 92100.

The morning market is fluctuating narrowly, with Bollinger Bands continuously narrowing. The price repeatedly faces resistance below the upper band and the strong resistance zone of MA220/MA30, unable to break through. The current market issues a technical warning: MACD shows a golden cross above the zero line with increasing volume, but diverges from the price stagnation; RSI is approaching 30 with a death cross downward, indicating weakening bullish momentum. Focus on high-altitude short positions, closely monitor key support breakouts!

Trading Suggestions
Bitcoin: Short near 93000, target 90000
Ethereum: Short near 3250, target 3000