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Friday, the 6th, Zhongling evening BTC/ETH Silk Road
The daily Bitcoin opened high at around 644, faced resistance and pulled back, quickly dropping to a low of 610 during the session, completing a round of deep shakeout, with the low triggering short-term buying support and slightly rebounding. Currently, it is oscillating around 623.
At the current daily chart level, there is dense resistance above, with significant suppression features; at the four-hour level, bearish momentum continues to be released, and rebounds are frequently blocked. It is expected that the market will continue its downward trend tonight, with limited upward space, short-term bullish rebounds being limited, and bears remaining dominant. The four-hour level is in a downward correction process.
Operation suggestions:
Bitcoin in the 628-633 range for a short position, daily target 60,000
Ethereum in the 1690-1710 range for a short position, daily target 1570
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