The points predicted last night are completely consistent. The market first rose sharply to the 102500 point level, followed by a significant pullback to 99000 points, a deep retreat of three thousand points. I wonder if those following the Silk Road have managed to catch the risk avoidance tips. Currently, the market is quite intense, but do not blindly follow the trend. Always pay attention to the resistance level below Bitcoin around 99000, as the market may rebound here and rise again. Observing the current market, the chart is slowly rising in a wave pattern. After the pullback a couple of days ago, the market broke the new high reaching 101800 points, and after this pullback, it broke through 102500 again. This indicates that after this pullback, the upper space may be higher.
From the four-hour level, the market is about to pull back to the middle track. The MACD is about to show a crossover state, and the market will further pull back. This pullback should look at the resistance level around 98000. The short-term layout is still based on the Kongdan strategy. It can be seen that the middle track of the Bollinger Bands is rising, indicating that the overall trend has not changed.
Bitcoin: 99500-99000 Kong, looking at 98000.
Ethereum: 3860-3830 Kong, looking at 3750.