Thursday Afternoon Jingyi's Analysis of Silk Exposure
BTC has directly broken through new highs, with the triangular pattern choosing to break upwards. This trend is clearly influenced by news from early in the morning, driving the price to set a new high.
Currently, the daily level has successfully broken through the trend line and stabilized.
The current market shows significant differentiation. The daily line closes with a long upper shadow bullish candle, indicating a weakening trend, with clear pressure signals above; the 4-hour chart shows consecutive bearish candles, and the trend may further weaken, with bearish momentum accumulating. Although the MACD is above the zero axis, the momentum is neutral and slowing, with a slow trend change rhythm. The hourly candlestick shows consecutive bearish candles, with range oscillation attempting to build support. Bullish momentum is weakening, and significant pressure is observed in the short term, so operations should avoid chasing long positions.
Trading Suggestions
BTC short in the range of 111400-111700, target around 110000 (if it doesn't break, switch to long)
