This wave of bulls must touch the 11 level, and shorting must be done with extreme caution!

112.18 Wednesday Wealth Evening Silk Road Analysis Suggestions:

In the morning, the major cryptocurrency rebounded to the 106500 level and began to retrace. The pace is not very fast, slowly falling to the support level below. Currently, the major cryptocurrency is rebounding and oscillating at a high position, and timely stop-loss on long positions and short positions can help recover losses.

From the hourly chart, the currency price has stopped falling and shows signs of forming a double bottom! The KDJ is also forming a bullish crossover upwards. It has currently retraced more than 5000 points, and the indicators have been repaired, plus the overall bullish trend has not been broken! Therefore, you can gradually enter the market for layout at the lower levels in anticipation of interest rate cuts.

Trading Suggestions:
Major Cryptocurrency $BTC : Long at 103000-103500, target 107000
Ethereum $ETH : Long at 3800-3830, target 4000