7.4 Afternoon Silk Road

Affected by the early closure of the US stock market, today's market overall movements have become relatively calm. The Bitcoin yesterday failed to break through the previous high point, combined with today being 'Black Friday', the probability of another upward test is relatively low.

From the four-hour candlestick perspective, when attempting to break the resistance level, the market encountered strong selling pressure, forming a significant upper shadow. This indicates that the buying interest is weak, and the upward pressure is significant, making it difficult to break through in the short term. Therefore, the suggestion for further operations in the afternoon is to focus on shorting high points.

Bitcoin shorting near 109700-110500, looking towards 108900-108300.

Ethereum shorting near 2590-2630, looking towards 2550-2500 #非农就业数据来袭 $BTC