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Morning strategy accurately executed
Published BTC Silk Road analysis at the opening, predicting that both major core markets would fully materialize:
Key resistance at the 63,000 level under pressure: After the market surged to 63,090, the bulls weakened, leading to a pullback, confirming strong resistance at this level
A sideways fluctuation in the 62,000-63,000 range is expected to materialize, with the price dipping to a low of 62,402, trapped within the range for consolidation, corresponding to narrowing Bollinger Bands and MACD signals indicating a potential trend reversal
The current market remains in a correction cycle after a downtrend, with the trading approach continuing the early judgment: volume up and stabilize above 63,000 before lightly trying long positions, targeting 64,000-65,000; if it falls below 61,900, then look for support at 61,000, mainly engaging in high sell and low buy within the range, waiting for a clear direction. $BTC $ETH
Published BTC Silk Road analysis at the opening, predicting that both major core markets would fully materialize:
Key resistance at the 63,000 level under pressure: After the market surged to 63,090, the bulls weakened, leading to a pullback, confirming strong resistance at this level
A sideways fluctuation in the 62,000-63,000 range is expected to materialize, with the price dipping to a low of 62,402, trapped within the range for consolidation, corresponding to narrowing Bollinger Bands and MACD signals indicating a potential trend reversal
The current market remains in a correction cycle after a downtrend, with the trading approach continuing the early judgment: volume up and stabilize above 63,000 before lightly trying long positions, targeting 64,000-65,000; if it falls below 61,900, then look for support at 61,000, mainly engaging in high sell and low buy within the range, waiting for a clear direction. $BTC $ETH