12.29 Midday Silk Road

The large pancake (Bitcoin) dropped from around 95700 in the morning to around 94700, and is currently around 95100.

The large pancake dropped from around 3430 in the morning to around 3370, and is currently around 3390.

From a 4-hour chart perspective, the downward movement has also halted, but given the current trend, it is still relatively effective. Support is also gradually moving up, and the volume is shrinking, with the price returning to a corrective state.

Trading Suggestions

For the large pancake, consider selling around 95300-95500, with a target of around 94500-94000.

For the second pancake, consider selling around 3410-3430, with a target of around 3370-3350.