Last Week's Bitcoin Silk Road Summary

Recently, there have been some issues in Jianghai that delayed things for a few days. I hope it hasn't caused any delays for everyone in collecting profits. The overall Silk Road last week was mainly centered around Bitcoin.

In the cryptocurrency market, Bitcoin, as the big brother, has always attracted attention. The 860 level has become a key resistance point. At this position, the upward momentum is clearly insufficient. When examining the short-term trend from a 15-minute level, after failing to break through upwards, the market quickly corrected. During the correction phase, Bitcoin's price first fell to around 847 and then rebounded to around 857, showing a clear downward oscillation trend, indicating that the current market is in a relatively weak phase.

Currently, the 840 level has become a key watershed for the market. If the price can break through and stabilize above 840, the market may attempt to challenge 860 again. If it remains below 840, there is a high probability that the downward trend will continue. At this time, it is crucial to closely monitor the support range below 825-830. If it breaks down, it may continue to fall towards 800.

Bitcoin: Around 845-850, looking down to 835, further looking at 825-830.

The uncertainty in the market is high, so be sure to maintain strict defenses and do not hold on to positions. #巨鲸动向