Tuesday Evening Jingyi's Analysis of Silk Exposure
1-Hour Technical Analysis: Although there has been a temporary increase (multiple bullish candles), it remains near the middle band of the Bollinger Bands, with the upper band providing resistance. Additionally, the trading volume during the increase has not sustained, indicating insufficient bullish momentum.
The moving averages have not formed a bullish arrangement, and short-term average support is not significant. If it cannot effectively break through the upper band of the Bollinger Bands, it is likely to oscillate downwards towards the lower band, with bears potentially dominating the market.
Trading Suggestions
BTC Short near 119300-112000, targeting below 117500
