Friday Midday Jingyi Trading Strategy Analysis
BTC is oscillating around 70500, with the 70000 support level being the key for bulls and bears. This rebound is merely a technical correction during the downtrend, not a trend reversal.
Against the backdrop of cooling rate cut expectations and tightening macro liquidity, short positions dominate in the short term, with a high probability of rebound pressure leading to pullback. Small long positions can be considered for minor gains, but the main direction remains short.
Trading Recommendations
BTC: Layout shorts in the 718-725 range, targeting 70
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