BIFI faces correction pressure after surging near 322. From the market perspective, buying momentum is clearly weakening, and the short-term upward trend is disintegrating. This pullback aligns with the typical reversal characteristics after a parabolic run—rapid ascent often followed by a deep correction.
From a technical standpoint, the structure on lower timeframes has already weakened. Profit-taking pressure is increasing, and the probability of an orderly decline is rising. If you are bearish on this wave, here are the trading ideas:
Look for shorting opportunities in the 225 to 235 range, near the support level after a small correction. Profit targets can be set in segments—first target at 190, second at 175, third at 155. If the price breaks above 239, it indicates that the short-selling logic has broken down, and timely stop-loss is necessary.
The overall principle is: let the price structure determine the trading direction, and do not be swayed by short-term emotional fluctuations. Strictly implement risk management, especially in highly volatile markets like crypto, where maintaining discipline is key to longevity.
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BIFI faces correction pressure after surging near 322. From the market perspective, buying momentum is clearly weakening, and the short-term upward trend is disintegrating. This pullback aligns with the typical reversal characteristics after a parabolic run—rapid ascent often followed by a deep correction.
From a technical standpoint, the structure on lower timeframes has already weakened. Profit-taking pressure is increasing, and the probability of an orderly decline is rising. If you are bearish on this wave, here are the trading ideas:
Look for shorting opportunities in the 225 to 235 range, near the support level after a small correction. Profit targets can be set in segments—first target at 190, second at 175, third at 155. If the price breaks above 239, it indicates that the short-selling logic has broken down, and timely stop-loss is necessary.
The overall principle is: let the price structure determine the trading direction, and do not be swayed by short-term emotional fluctuations. Strictly implement risk management, especially in highly volatile markets like crypto, where maintaining discipline is key to longevity.