Monday Afternoon Jingyi's Analysis on Silk Exposure
This afternoon, bulls made a strong effort, causing a significant price surge and creating a new historical high. After a brief consolidation over the weekend, bullish sentiment has erupted once again, the upward channel has opened, and there is still room for upward movement in the future. This aligns with the midday prompt, and the long positions laid out have already gained 40 points, with Luodai at 7886 oil; operating in accordance with the trend has been relatively easy.
The daily chart shows that the price has been rising consecutively with bullish candles. After a brief consolidation on Saturday, it has risen again with consecutive bullish candles, repeatedly breaking new highs with minimal pullbacks, indicating a clear bullish advantage. A breakout to new highs is just a matter of time. In the four-hour chart, the small bullish upward trend has been broken, and now we see two consecutive large bullish candles. The Bollinger Bands are expanding, and the MACD energy bars have shifted from negative to positive. All indicators point towards continued price increases in the future, so the bullish outlook remains unchanged.
Trading Suggestions:
BTC Buy in the range of 121000-120000, targeting near 123000
ETH Buy around 3000, watch for 3100
