All-day review on the 1.7: Follow the official JinCheLunBi

Master investor Howard Marks once said: “We cannot predict the future, but we can prepare. After winter always comes spring.” This is not just empty talk but market law. True risk awareness: textbook definitions are far less profound than the feeling of account shrinkage. Patient capital: learn to be friends with time rather than fighting the red and green numbers on the screen. Life priorities: wealth is only part of life; it should serve you, not dominate you.
I still adhere to the overall bullish outlook. Although dips occur frequently, their magnitude is not so fierce. A half-full bottle swings less than a full one, so the short-term traders can only focus on short-term trades. We have not yet escaped the strange cycle of oscillation; the current oscillation is different from before, which was a back-and-forth within a fixed range without breaking the level. Now, the oscillation is developing with gradually rising support levels, moving upward. Therefore, the strategy remains mainly long-term low buy, supplemented by short-term short positions at high levels. From a technical perspective, the daily chart of BTC shows recent price retracement, forming a long shadow candle, with the bears temporarily in the lead. On the hourly chart, multiple lower shadows around 91400 indicate short-term support, but overall, it remains in a weak oscillation trend. The MACD histogram on the hourly chart continues to be negative, with DIF and DEA diverging downward, indicating a clear bearish trend. The daily MACD also shows a death cross, with weakening momentum. The hourly RSI is 38.1, approaching oversold territory, indicating a rebound demand; the daily RSI is 35, showing market sentiment is weak. The EMA7, EMA30, and EMA120 on the hourly chart are all in a bearish arrangement, with significant short-term pressure; the daily EMA system is also bearish, with EMA7 exerting resistance on the price. In the short term, pay attention to the strength of the 90000 support level, which also led the team to gain 2000 points today.