August 29 Silk Road
Today's short-term hourly line shows that the Bollinger Bands are open and suppressed by the lower track
The price rebounded from a low level and fluctuated around 58700 in the previous period. The pressure above the moving average is still relatively large. From the MACD point of view, the slow and fast lines are both below the zero axis and diverge downward.
At present, the price fluctuates sideways, the general trend is downward, and the upward trend is close to the suppression of the middle track of the Bollinger Bands, with signs of upward exploration! Subsequent price breakthroughs will be suppressed by the 60000 line in the short term, and the market is expected to further test upward and touch the 61000-60500 area.
Morning thoughts:
Short at 60000-60500 above the big cake, loss 600, target at 57000-57500
Long orders focus on 57000-57500, loss 600, target at 60000-61500
Short at 2550-2570 above the second cake, loss 30, target at 2430-2390
Long orders focus on 2390-2430, loss 30, target at 2550-2570
