【11.23 Afternoon Silk Road Analysis】
Yesterday, Bitcoin rebounded, attempting to break 100,000 points but failed, after retracing to 97,200 it climbed to 99,650 at night.
From a technical perspective, the daily chart shows a bullish trend, while the 4-hour chart has a risk of a top divergence. For today, we expect a retracement with support at 97,500. If it holds above 96,500 over the weekend, there is hope to quickly break 100,000 points, with a breakthrough target of 102,000.
The operation focuses on buying on dips, and short positions can be considered during small-scale divergences for short-term operations.
Bitcoin buying near 97,500, target 100,000
Ethereum retracing to the 3,300-3,280 range, targeting 3,380-3,450.
