Saturday Morning Market Analysis

Yesterday's Silk Road strategy consistently advised to enter during pullbacks, which has been validated by the actual market movements. The price comparison broke through the current high again in the early morning, nearing the 100,000 yuan mark, just one step away from achieving it. The safest approach remains to seize the pullback opportunities and decisively enter the market.

The current daily chart shows a highest price of 99,490 and a lowest price of 97,140. The EMA15 trendline support has moved up to 89,200 points, and the MACD indicator shows increased volume, driving prices upward, with the DIF and DEA lines continuing to exhibit bullish market characteristics. The upper Bollinger Band resistance has risen to 104,000 yuan, while the middle band stabilizes at 84,500 points. From a macro trend perspective, the bullish pattern remains solid, and we do not speculate too much on the upper resistance level, but rather prefer to enter the market after a trend pullback.

The four-hour candlestick chart shows a high-level consolidation, with the candlesticks testing the EMA15 support line at 97,100 points. The effective resistance level is at 95,000 points, and this area can serve as an ideal entry point. The MACD indicator shows a decrease in volume, with a persistent top divergence, but the DIF and DEA lines still maintain an upward expansion trend. Overall, our strategic layout should follow conventional logic, meaning that under a large-scale bullish trend, all bearish signals can be viewed as potential traps. Therefore, after confirming the support level, we can continue to set up long positions in anticipation of subsequent price increases.

Saturday Morning Share:

Bitcoin 98,500-98,000 entry target 99,500-100,000

Ethereum 3,300-3,320 entry target 3,400-3,450 #Bitcoin plunges, 290,000 people liquidated 195,819, 196,023 08,386,393,557