Analysis and operation suggestions of Silk Road on Friday, September 13:

Short Bitcoin near 58500, target near 57300

Short Ethereum near 2390, target near 2310

At midnight, Bitcoin price encountered resistance in the process of rising, and fell back after touching the 58450 line, but the correction was limited. The trading market of Ethereum showed a trend of bullish volume, and repeatedly raised the price to a position close to 2370. Our strategy is to look at the rebound first and then follow the short. The overall market trend is highly consistent with our prediction, and the points are almost completely consistent.

From the current 4-hour chart, although the bulls have a certain advantage and run around the middle and upper tracks, the high point has never been broken. After reaching 58500 yesterday, it quickly retreated, indicating that there is great pressure from above. Combined with the current situation of unsuccessful highs last night, the bulls seem to be slightly weak, and the bears have not shown a clear advantage. Today is Friday, and a large amount of trading volume is expected to appear in the evening, while the daytime may be dominated by volatile trends. Therefore, we suggest investors to carry out short positions at high levels and operate around the pressure level.