Tuesday Midnight Jingyi Trading Analysis



From the 4-hour chart perspective, after the price rebound encountered obvious resistance near the mid-band, the Bollinger Band channel is opening downward overall. The upper band continues to decline, indicating insufficient strength in the bullish counterattack. The downside space is gradually opening up, and the lower band will become an important reference level for short-term downside exploration.

Regarding moving averages, short-term MAs have formed a death cross at high levels. The MAs are arranged in a bearish formation, forming layered pressure on the trend. The earlier bullish pattern has been effectively broken. The overall indicators are diverging downward, reflecting that bullish momentum is basically exhausted and bearish power is gradually being released. The short-term downtrend is relatively clear.

Trading Suggestions:
Bitcoin: Arrange shorts near 699-708, targets at 688-670-650
Ethereum: Arrange shorts near 2140-2170, targets at 2100-2160-2080

The above is a personal opinion for reference only. Specific trading decisions follow #Gate正式接入Polymarket
BTC-2,2%
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