Thursday Evening Silk Road Analysis and Trading Suggestions

Today's pullback was within expectations, as the morning's upward close was not a good sign. By midnight, some mentioned that there was strong resistance around the 99800 level. Although it broke through and reached the $100,000 mark, it did not form an effective breakout.

The short-selling strategy provided in the morning successfully reached the take-profit level. This deep pullback indeed requires a certain perspective. Only by fully grasping the tactics of the market makers can one navigate the market more adeptly.

The market has always been like this and requires constant attention. Returning to the market data, for Bitcoin, one should watch for resistance around the 96600 level above and support around the 93500 level below, expecting that the bears will likely make another move.

Trading Suggestions:

Bitcoin

Short around the 98000-96500 range on a rebound, with a target of 94000-92600.

Ethereum

Short around the 3390-3420 range on a rebound, with a target of 3320-3290.