12.29 Sunday Silk Road Analysis and Operation Suggestions:

From the perspective of the 4-hour structure, the downward movement has also stopped, but in terms of the current trend, it is still relatively effective, and the support is gradually moving up. The volume of shorts is also contracting, and the price comparison is returning to a correction. This process requires some time. Taking around 93400 as short-term support, we can form a local consolidation or retracement upwards. It depends on the size of the retracement space, which can be large or small.

A large space indicates a deep adjustment, while a small space indicates horizontal consolidation and correction. Within this range, we can perform high selling and low buying. As the main force of the bulls, I definitely prefer to focus on low buying.

Buying Bitcoin around 94500-94800, target 96000.

Buying Ethereum around 3340-3360, target 3500.