Feng Qinger Silk Road Analysis at 9/15:
Review of Ethereum on Cake: After rising last night, it continued to fluctuate in a narrow range in the morning. It seems that this wave of upward adjustment did not break the key pressure of 60800, but began to fluctuate sideways. From the overall market, it is still in the trend area of wide fluctuations, and the time disadvantage is still in the contraction period of the weekend. So the market is not expected to change much at present. The problem is to operate in the high-altitude short-term around the resistance of the interval. Cake's weekly and monthly lines continue to rise. From the perspective of the market trend, the bulls are still strong, but the adjustment stage has not yet been completed. The three lines of the Bollinger Bands on the daily line are parallel, and the bulls are currently blocked on the upper track. The key trend of this small-scale rebound is to break through the 60800 area and stabilize before effectively entering the next wave of upward trend. The intraday rebound has already come out, and the high-altitude layout around the upper track can be made in the evening.
Cake: It is recommended to go short near 60500-62000. Target 58000-59000
Ether: It is recommended to go short around 2500-2550. Target 2300-2350$BTC $ETH
