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1.7 Morning Jing Yi Trading Strategy Analysis
Overnight Bitcoin first moved higher then sharply corrected, accurately fulfilling the previous forecast. After the US stock market opened, it soared to around 944. Subsequently, Shi Pan decisively issued a short strategy at 940. The market dipped to around 912, which can be considered a healthy correction of the previous decline. This pullback is purely technical and not a sign of weakness. The second Bitcoin also followed suit, achieving good results.
On the daily chart, the price remains above the midline, gathering strength, with potential to hit new highs again. A pullback is just a recharge; after a quick recovery from a series of downward candles on the smaller timeframe, the cautious approach makes the support below increasingly solid.
Trading Suggestions:
Bitcoin: Buy on dips around 93000-92400, target 94300-95000.
Second Bitcoin: Buy on dips around 3260-3200, target 3310-3400.