Friday Evening Jingyi's Analysis on Silk露
The strong double bottom pattern of the big coin has been established, with the 96000 level solid as a rock.
The market has repeatedly tested the 96000 line and received strong support, with K-line unable to break down effectively. The defense line is as solid as a fortress. Currently, the price is steadily rising relying on the moving averages, with the next target aiming directly at 98000!
In the way of trading, direction is more important than speed. The market needs time to build momentum, rather than achieving it all at once. Maintain patience and wait for the flowers to bloom.
The 4-hour level bottom signal is clear: the moving averages are turning upwards, the downtrend has temporarily paused, and the strong bullish candlestick has broken through, with the price firmly holding the key level of 96000.
The defense is firmly in control, and the upward momentum is sufficient.
Trading Suggestions
BTC Range of 96500-96000, target area of 97500-98000!
