Saturday Morning Market Analysis

Yesterday, the Silk Road strategy consistently suggested entering the market during pullbacks, which has been validated by actual market performance. In the early hours, the price ratio broke through the current high again, approaching the 100,000 yuan mark, just one step away from being achieved. The most prudent approach remains to seize the opportunity during pullbacks and decisively enter the market.

The current daily chart shows that the highest price reached 99,490, while the lowest price was 97,140. The EMA15 trend line support has moved up to 89,200 points, and the MACD indicator is showing increased volume, driving prices higher. The DIF and DEA lines continue to exhibit bullish market characteristics. The upper pressure level of the Bollinger Bands has climbed to 104,000 yuan, while the middle track remains stable at 84,500 points. From a macro trend perspective, the bullish pattern remains solid. We do not make excessive speculations about the upper resistance levels, but are more inclined to follow the trend and enter the market after a pullback.

The four-hour K-line chart shows a high-level consolidation, with the K-line retracing to the EMA15 support line at 97,100 points. The effective defense line is located at 95,000 points, and this area can serve as an ideal entry point. The MACD indicator's volume has decreased, with a continuous divergence at the top, but the DIF and DEA lines still maintain an upward spreading trend. In terms of overall strategy layout, we should follow conventional logic, which is to consider all bullish signals as potential traps for short positions against the backdrop of a large-scale bullish trend. Therefore, after confirming the support level, we can continue to position for long trades to seize the subsequent upward trend.

Saturday morning sharing:

Bitcoin: 98,500——98,000 bullish

Target: 99,500——100,000

Ethereum: 3,300——3,320 bullish

Target: 3,400——3,450 take profit #Bitcoin plummets, 290,000 people liquidated##Blockchain##BTC market [Super Topic]##ETH [Super Topic]#