Evening Silk Road Analysis

Today is a very strong mode. If you are still thinking about making a reversal trade, with very little operational space, I suggest you do not enter the market. This morning, the price violently surged from around 98,000 to around 104,000, with a direct increase of 6,000 in one go. Many partners are still thinking about making trades at high points in a fluctuating market, but because they did not switch their pace in time, they ended up getting stuck and even exploded from being pulled up later.

In this large trend, if you review this round's upward movement from 75,000 to 90,000, have you ever looked back? Even if you look back, how much was the pullback? Did it exceed the 4,000 range? You will know what to do next!

Support at 99,500, smooth sailing above, all relying on capital to shape the market. If it were me, I would directly pull it up to 110,000. Originally, at this position, it would be very difficult for bulls to re-enter; they are all in pain and fear. With such a sharp rise, there is simply no opportunity to get in. The fluctuations were doing well. Suddenly, there was a surge of 6,000, which is unbearable for anyone.

Bitcoin is being sold in batches around 100,500, with a target of 106,000.

Ethereum is being sold in batches around 3,906, with a target of 4,000.