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11.7 Silk Road Analysis
After the mid-week trend reversal, the market initially experienced a slow rise but faced resistance around 104,500, then gradually declined. It has now fallen back to around 101,300. The rebound did not sustain, and overall, the market remains weak. The four-hour chart shows consecutive bearish candles with a pullback; the main trend remains unchanged. The strategy is to follow the upward trend within the pullback, patiently waiting for opportunities during the oscillating downward phase.
Bitcoin (BTC): Range consolidation between 101,800-102,500, with targets aiming for 98,000-95,000.
Bitcoin (BTC): Range consolidation between 3,330-3,370, with targets looking toward 3,270-3,100.