7.21 Monday Morning Silk Road Analysis
The daily K-line shows a peak around 1188, as the market has shown signs of a top divergence, and there are strong suspicions of the main force raising prices to sell off; one can attempt to short at high positions.
The MACD indicator is synchronously showing: significant decrease in volume under top divergence, with DIF and DEA contracting at high levels; the Bollinger Bands indicate that the upper band has risen to 1236, the middle band at 1140, and the current high position is in a prolonged sideways movement, requiring caution against a 'waterfall' decline risk.
The four-hour K-line's fifth wave is approaching the top resistance level, with MACD decreasing in volume, and after DIF and DEA fall below the 0 axis, there is a trend towards a contraction golden cross; the Bollinger Bands are in extreme sideways movement, with the K-line rising from the lower band at 1170 to break through the middle band, allowing for attempts to trade back and forth within the Bollinger Bands range.
Operating Suggestions
Bitcoin: 118000-117700 short target 115000
Ethereum: 3780-3800 short target 3600
