After experiencing a decline of over 2500 points yesterday, the four-hour chart has formed a V-shaped structure, moving upward unidirectionally since this morning, currently oscillating around the starting decline point of 107500 from yesterday. It can only be said that the words from the evening of June 30th have proven to be prophetic. We are at a critical stage of long and short market games, where on-chain activity provides funding support, and the outlook on fundamental news remains unclear, leading to a double wash for both bulls and bears! After stabilizing above 106200 on the stone plate, Old Chen also seized the opportunity to go long, while short positions are still being held.
Above the trend, the daily K-line downward channel has not been broken yet, the dragon head still dominates, and it has not been able to break the resistance at 109000, making it difficult for the dragon tail to continue. On the four-hour chart, after breaking through the middle track, it will impact the short-term resistance level above at around 108500, extending to the smaller hourly level. After the coin price breaks through the upper track, it will oscillate upward relying on the upper track in the short term, thus testing the upper resistance level.
For the subsequent high short Silk Road layout, for Bitcoin, refer to the short position at 108500-108000, and look at 106500; for Ethereum, refer to the short position at 2480-2460, and look at 2420. #特朗普马斯克分歧
