A wave of news released in the early morning met expectations, resulting in a decrease in price comparison instead of an increase. However, this also belongs to the category of rising before falling. Our bullish outlook on the Silk Road has still been validated. After breaking the rebound, we also provided short positions for Danbu Orange. We managed to seize the sharp drop in price comparison; although we didn't capture the entire space, after securing 100 points in the long position, we again achieved a gain of 2000 points in the short position. The short position in Ethereum also captured a space of 140 points. Trends create heroes; one must be someone who dares to take action at any moment.
From the perspective of the daily structure, the price comparison also gave a pullback after hitting a high, forming a situation of both upper and lower spikes. However, the current low point of the pullback is also the previous high point, so it cannot be considered the beginning of a trend change. After all, the shrinkage of this price comparison is for a reason. From the current shape, after experiencing significant shrinkage, the price comparison will also adjust first, possibly through a correction in time. After the correction, the price comparison will still be in a recovery phase. The four-hour chart, with the continuous rise of high points, again reflects the overall strength. Currently, it seems that the downward movement is mainly characterized by spikes, so we will wait for the price comparison to correct before it rises again.
Directly go long at 100500-100000 during midnight, with a target of 105000. For Ethereum, go long directly around 3670-3650, with a target of 3800. $BTC