Saturday Evening Silk Road:

From a technical perspective, there was a dip and recovery in the short term, but the volume did not receive a bullish push, and the trading channel is narrowing for adjustment. At this stage, we are still in a phase of consolidation after large fluctuations, with no strong upward signs. The moving averages are merely cooperating in the recovery without any obvious turning signals.

In the short term, the price has dipped and recovered, showing some signs of opening an upward channel, but there is no strong breakout effect. The bulls maintain price recovery with increased volume, but if the volume shrinks, it will lead to another round of decline.

In the evening, our strategy will focus on shorting at high levels amidst oscillation and adjustment.

Operational Suggestion: Bitcoin: Short around 109500-109900, target near 108200-107700 $BTC