Market Analysis
Volatility and Momentum: Prices are oscillating in the range of 96k to 93k, with the MACD golden cross momentum gradually depleting. Market sentiment is weak, and upward momentum is insufficient.
News Impact: News related to the Silk Road triggered market fluctuations, with prices briefly crashing to test the 935 support level, but failed to elicit a positive response.
Key Price Levels: 935 is a crucial support level; if broken, it may continue to decline. 96k is a resistance level, and if not broken, the bearish trend will continue.
Trend Prediction: It is expected that today's market will repair the downward gap, and after oscillating and consolidating, seek a new direction.
Operational Advice
Avoid chasing highs: There is significant pressure near 96k, so avoid aggressive chasing of price increases that could lead to losses.
Focus on price levels: Pay close attention to the 935 support and 96k resistance, and make decisions based on price rebounds or breakthroughs.
Manage risk: Reasonably control positions, set stop-loss and take-profit orders, and remain cautious when the trend is unclear.