Hello everyone, I am the familiar Jingcai to you all. At the beginning of last week, I mentioned that last week and this week would be a period of upward movement, and advised everyone to get on board between 25,000 and 25,500. The market reached the first target position of 27,200 that I mentioned exactly a week later. It came a little earlier than I expected. Because I thought the time for the market to oscillate at the bottom would be a bit longer. Now let's take a look at yesterday's market. The highest point was reached at 27,396 before starting to pull back, and it dropped to around 26,600 in the middle of the night, which was within the range it moved over the weekend. How should we view the current market? I have said before that this year's market will not be smooth sailing. It will basically be a rhythm of three steps forward, one step back, and many people are likely to be chopped by the market. After all, Jingcai was once a part of the chopped. Now, with the ETF not approved, the market is expected to be quite difficult. It will definitely be quite uncomfortable for many people to trade, and there will be many losers. I see that many traders are in a state of loss.

Now let's return to the market trend. After BTC reached around 27,396, it started to decline to around 26,600. It is now oscillating between 26,600 and 27,400. The market is unpredictable. When it was at 25,000, many people thought it would drop to below 15,000, but I still thought it would be quite difficult. Jingcai previously mentioned that when the MA120 at 28,500 was broken, it would be difficult to go up in the short term, so we will see if this position can hold steady later. Then the market will break the weakness of the past one or two months, and we can focus on whether it can hold steady after going up later.

From the daily chart, yesterday closed with a long upper shadow candlestick. The Bollinger Band midline is around 26,083. On the daily chart, we also need to see if it can hold steady above 27,436 and the MA120 moving average at 28,000.

Looking at the 4-hour chart, the Bollinger Band is slowly moving upward, with the midline around 26,661, and the MACD is moving upward. The KDJ three lines are forming a golden cross and trending upward.

From a technical perspective, it seems to be a corrective market trend.

BTC focus: The first time any trading point is reached, there will be at least a 200-point profit. Manage it yourself.

Short bullish direction: Long from 26,400 to 26,650, stop loss at 26,350, take profit at 27,000-27,400-28,000.

For long positions at 25,000-25,500, consider taking profits in batches at 27,200 and 28,000, and continue to buy back after a pullback.

In this market, there is no shortage of teachers, analysis, or operational advice. The only thing lacking is a sincere and honest heart to analyze the market for you. I don't have fancy profit screenshots or promises of a certain percentage of returns for you, only a heart to do things honestly. If you have been struggling with losing trades and want to follow Jingcai's lazy approach, you can communicate with Jingcai about the trend below. My daily analysis train of thought can be a reference for you. Reasonably control your positions for trading, and do not over-leverage or go all in. Personal opinions are for reference only. Investment carries risks, and you are responsible for your own risks!

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