Noon Silk Road and Recommendations



$BTC
Currently, the “Big Pancake” is in a clear bearish trend on the 4-hour cycle, trading below the middle band of the Bollinger Bands. The MACD green histogram bars are expanding, and the KDJ has entered the oversold zone. Although there is short-term technical rebound and a need for repair, no reversal signal has appeared. On the 1-hour cycle, the price is making a narrow range fluctuation below the Bollinger Bands middle band. Bearish momentum is weakening at the margin, but rebound momentum is insufficient. Support levels are 76400-76000, and resistance levels are 77600-78000. In terms of execution, when the rebound reaches the resistance level, consider taking a small short position.

$ETH
ETH’s bearish trend is stronger. It has broken below the Bollinger Bands middle band and is moving closer to the lower band. The MACD continues to weaken, and the KDJ is also in the oversold zone. Rebound momentum on the 1-hour cycle is extremely weak. Support levels are 2260-2230, and resistance levels are 2320-2350. Overall, the recommendation is to mainly follow the trend and short.
BTC-1.34%
ETH-1.12%
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