Thursday Morning Jingcao Zuoshi Analysis



Last night, Bitcoin surged higher but clearly encountered resistance, with the price oscillating around the high levels. The overall upward momentum weakened, failing to hold steady at new highs. In the short term, the bullish strength is starting to fade, and market sentiment has shifted from strong to weak.

The daily chart shows a somewhat weak trend, with the price pulling back after a rise, leaving an upper shadow, indicating heavy selling pressure above; the 4-hour rebound is weak, with clear signs of overall weakening, and short-term bears gradually gaining the advantage. The rebound is mainly a high short position.

Trading Suggestions
BTC: During the rebound in the 748-755 range, consider opening short positions. First support below is at 730, and if broken, look towards 715. Strictly control position sizes, implement good risk management, and prioritize stability. #GatePreIPOs首发SpaceX
BTC1.04%
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