5.15 Afternoon Silk Road Analysis
In the absence of news stimulus and with low trading volume, Bitcoin's resistance and support continue to shrink, with current highs and lows leaning downwards. How long will the market's gradual decline last, and will it continue to fluctuate downward? This still depends on the evening news.
This morning, the target for the Silk Road big pie has been reached, and the aunt remains in a horizontal state above 2550.
Currently, from the hourly chart, the MACD is still below the level, with current trading volume decreasing and all moving averages showing a downward trend. An afternoon short-term downward fluctuation is expected.
First, let's look at the key support levels at 101400/2520. If the market continues to decline, then we will further look down at 10W/2450; if it does not drop below that, then it will continue to follow a fluctuation route, and we can short and collect another wave. #贸易战缓和 #美国加密立法
