Sunday Morning Jingyi's Analysis on Silk Road

Will Saturday's Crypto Market Be Dull? Unexpectedly, there were significant fluctuations in the night session. BTC dropped from 103900 to 101000, and ETH plunged from 2450 to 2216. The market has also been well managed with the Bitcoin and Ethereum, and if you can't catch the opportunity, that's your problem.

From a technical perspective, BTC has consecutive bearish days, and the MACD bearish momentum is strengthening; the Bollinger Bands on the 4-hour chart are widening, and the price is oversold; the 1-hour chart shows a step-like decline. ETH's trend is similar. It is expected that the market will continue to decline, and it is recommended to short on rallies.

BTC Range: 102300-102800, Target around 101000

ETH Range: 2300-1340, Target around 2200

The strategy is for reference only, please trade cautiously, wishing all fans smooth sailing #美国国债 $BTC $ETH