Friday Jingyi Trading Strategy Analysis: A Rebound Is the Best Opportunity for Shorting

On the 26th day of the lunar month, I accompanied my parents to buy New Year’s goods. I went out early and had a full harvest! Dear friends, besides enjoying delicious pancakes, remember to spend more time with your family. Jingyi believes that filial piety is the key to happiness!

Now, let’s look at today’s market. Recently, a false breakout appeared near the major downward trend line, with the bulls failing to hold the resistance zone and quickly retreating, forming a typical liquidity sweep. The market has reverted to a bearish dominant structure.

The key area to watch is around 66,800. This zone is a vacuum zone with strong resistance properties and is an entry point favoring the bears.

Trading Recommendations
For Bitcoin, short near the rebound around 668-675, with targets at 651-640, and medium to long-term targets at 625-600.
For Ethereum, short near the rebound around 1965-1990, with targets at 1920-1880, and medium to long-term targets at 1780-1500 (all positions should be managed carefully).

Personal opinion, for reference only.

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