Monday Silk Road Analysis:
From the daily chart, the price is oscillating around the middle band of the Bollinger Bands, with the narrowing channel indicating a potential change in trend. Due to multiple failed attempts to break through the middle band and a lack of upward momentum, if market sentiment turns negative, there is a high probability it will test or even break below the lower band. The operational suggestion is to primarily focus on short positions.
Operational Suggestions:
For Bitcoin, short near 106500-107000, with a target around 105000. If it breaks down, look further down to 103000.
For Ethereum, short near 2580-2600, with a target around 2480. If it breaks down, look further up to 2400. $BTC $ETH
From the daily chart, the price is oscillating around the middle band of the Bollinger Bands, with the narrowing channel indicating a potential change in trend. Due to multiple failed attempts to break through the middle band and a lack of upward momentum, if market sentiment turns negative, there is a high probability it will test or even break below the lower band. The operational suggestion is to primarily focus on short positions.
Operational Suggestions:
For Bitcoin, short near 106500-107000, with a target around 105000. If it breaks down, look further down to 103000.
For Ethereum, short near 2580-2600, with a target around 2480. If it breaks down, look further up to 2400. $BTC $ETH
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BTC
107,611.99
+1.84%
ETH
2,536.14
+0.96%