12.20 Midday Silk Road:

Last night, the price comparison rose again, reaching a peak of 102756, followed by a decline, with a low of 95681. Currently, the price comparison is running around 97800. Since the drop from the 108000 level, the decline has approached 13000 points, and it should have been sufficiently washed out by now. Although the bears are strong at the moment, at the end of the week, do not blindly rush in, as the market may again experience an extreme reversal.

The daily line has closed in the red again, although it broke below the lower track, it lacks certain continuity. During the day, attention should be paid to whether the price comparison can stabilize at this position. If it can stabilize, the short-term pullback will continue; if it cannot stabilize, the price comparison may rebound again to recover. From the four-hour structure, the price comparison has been repeatedly pressured at the middle track, and has currently broken the previous strong consolidation correction method. Combined with the spatial pullback, attention should be paid to the changes between bulls and bears at the end of the week. Whether it will strongly recover the lost ground after a pullback or further decline. If it further declines, it will end the strong upward pattern, leading to a short-term pullback; conversely, if it stabilizes and rises to recover lost ground, the bulls will continue to gather strength for a higher push. We suggest focusing on rebounding as the main strategy on Friday midday.

The big coin rebounds to around 97900-98500, with targets at 96500-95700-95200. If it breaks below the 95000 level, it will continue to look towards around 93800. If the rebound breaks through, then focus on the pressure around 100800.