7.4 Early Morning Silk Road

The large pancake hit 110,000 but failed, touching 110,500 before returning to 109,600 where it is currently oscillating. The liquidation of the cone head is nearing its end, with obvious signs of inducement; caution is advised in chasing the bullish trend.

The hourly Bollinger Bands show a converging pattern: Dian Wei briefly touched the upper band and then quickly moved down, effectively breaking the middle band; the upper and lower bands are nearly parallel, with the bandwidth compressed to a narrow range of 0.85%, indicating a slowdown in short-term volatility and a high probability of entering a sideways oscillation.

The large pancake resistance is around 109,800-116,000; looking towards 108,500, if it breaks down, look towards 107,100, and if it continues to break down, then look towards 105,000.

The second pancake resistance is around 2,590-2,630; looking towards 2,565, if it breaks down, look towards 2,525, and if it breaks down further, look towards 2470#非农就业数据来袭 $BTC .