11.25 Monday Morning Silk Road

Market Review:

The Bitcoin price gradually declined in a stepwise manner from around 98600 to 95800 yesterday afternoon, then gradually rebounded to around 97900 at midnight. Overnight, there was a sharp drop followed by a rebound. The market still shows a weak oscillating pattern, with the current price around 98300.

The Ether price gradually fell from around 3450 to around 3280 yesterday before rebounding to around 3360, and is currently operating around 3350.

From the current four-hour structure, the Bitcoin volume is gradually decreasing, with support around 96500 and resistance around 98200, and a secondary level of interest around 99000. From the one-hour structure, there is an increase in Bitcoin bullish positions, with resistance around 98700 and support around 97300. The bull market is far from over, and the market is experiencing some selling pressure. A pullback can be taken advantage of. The daily chart shows two consecutive bearish candles, which is a normal correction signal. Short positions should not be held for too long. In the Silk Road, we mainly focus on pullbacks for entries, using the old Yu stone plate as a reference!!

Monday Morning Trading Suggestions:

Bitcoin pullback at around 97100-97500 for entry, target 99500.

Ether pullback at around 3330-3310 for entry, target 3420.