Saturday Morning Market Analysis

Yesterday, the Silk Road strategy consistently suggested entering the market during pullbacks, which has been validated by actual market movements. In the early hours, the price once again broke through the current high, nearing the 100,000 yuan mark, just a step away from achievement. The safest approach remains to seize the opportunity during pullbacks and decisively enter the market.

The current daily chart shows that the highest price reached 99,490, while the lowest price was 97,140. The EMA15 trendline support has moved up to 89,200 points, and the MACD indicator is showing increased volume, pushing prices higher. The DIF and DEA lines continue to exhibit bullish market characteristics. The upper pressure level of the Bollinger Bands has risen to 104,000 yuan, while the middle band remains stable at 84,500 points. From a macro trend perspective, the bullish pattern remains solid, and regarding the upper resistance level, we refrain from excessive speculation and prefer to follow the trend after a pullback.

The four-hour K-line chart shows a high-level consolidation, with the K-line retracing to the EMA15 support line at 97,100 points. The effective support line is located at 95,000 points, which can serve as an ideal entry point. The MACD indicator shows a reduction in volume, and the top divergence phenomenon persists, but the DIF and DEA lines still maintain an upward spreading trend. In terms of overall strategy layout, we should follow conventional logic, meaning that against the backdrop of a larger bullish trend, all upward signals can be seen as short-selling traps. Therefore, after clarifying the support level, we can continue to position for long trades to seize the subsequent upward market.

Saturday Morning Share:

Bitcoin 98,500-98,000 entry, target 99,500-100,000

Ethereum 3,300-3,320 entry, target 3,400-3,450 #Bitcoin plunges, 290,000 people liquidated#