Jiahao’s Tuesday Insights Sharing
After the previous round of consecutive long bullish candles that pushed the price higher, a bearish pullback appeared. This is more in line with technical repair after an upward move, and it does not mean the trend structure has fundamentally changed. However, it is worth noting that after continuous advances, there are many short-term profit holders at the top, and the sell pressure at high levels is relatively concentrated. Therefore, a pullback within a reasonable range is understandable. At present, the overall price is still trading in the high-price zone. The large-scale uptrend structure has not yet been broken. In the short term, the key focus should be on whether the support after the pullback is effective, and whether it can form a second push up to confirm.
From the daily timeframe, although the day closed with a large bullish real body, the candlestick came with a relatively long upper shadow line. This indicates that sell pressure above is clearly evident, and the bulls are being restrained at high levels. The price being knocked back also reflects that overhead resistance is strong. From a chart-structure perspective, the price has made two consecutive probing lows near a key support area, forming a “double-pin bottom” pattern. The bias for taking positions from the highs remains unchanged.
In terms of execution: I do not expect too much room for upside for now; trade around the idea of selling at highs and buying at dips.
For BTC (Big Boy) Short around 78300-78800, target 76000. If the downward move does not continue, then reverse to go long.
For ETH Short around 2520-2540, target 2450. If the downward move does not continue, then reverse to go long.
#美联储加息概率升至89% #RLUSD供应量创24.4亿美元纪录 $NVDAB $AAPLB $BTC
After the previous round of consecutive long bullish candles that pushed the price higher, a bearish pullback appeared. This is more in line with technical repair after an upward move, and it does not mean the trend structure has fundamentally changed. However, it is worth noting that after continuous advances, there are many short-term profit holders at the top, and the sell pressure at high levels is relatively concentrated. Therefore, a pullback within a reasonable range is understandable. At present, the overall price is still trading in the high-price zone. The large-scale uptrend structure has not yet been broken. In the short term, the key focus should be on whether the support after the pullback is effective, and whether it can form a second push up to confirm.
From the daily timeframe, although the day closed with a large bullish real body, the candlestick came with a relatively long upper shadow line. This indicates that sell pressure above is clearly evident, and the bulls are being restrained at high levels. The price being knocked back also reflects that overhead resistance is strong. From a chart-structure perspective, the price has made two consecutive probing lows near a key support area, forming a “double-pin bottom” pattern. The bias for taking positions from the highs remains unchanged.
In terms of execution: I do not expect too much room for upside for now; trade around the idea of selling at highs and buying at dips.
For BTC (Big Boy) Short around 78300-78800, target 76000. If the downward move does not continue, then reverse to go long.
For ETH Short around 2520-2540, target 2450. If the downward move does not continue, then reverse to go long.
#美联储加息概率升至89% #RLUSD供应量创24.4亿美元纪录 $NVDAB $AAPLB $BTC
