Morning Bitcoin Silk Road $BTC

Those who do not understand the stopping of bamboo shoots are beginners; only those who are good at stopping bamboo shoots can become true experts. Looking back at the intraday market, it basically follows a rhythm of probing and recovering. The lowest point in the early morning dipped to around 118386 and started to recover until the morning's highest point recovered above 120200. In terms of layout, the Bitcoin layout has both long and short positions, garnering a total of over 3000 points in space, while Auntie maintains synchronization, capturing over 100 points in space. The strategy has been provided in advance; everything is traceable. It’s still the same saying: if such a market cannot achieve profits greater than losses, it’s better to leave this circle early. Hope for what can be hoped for, wait for what can be waited for; friends who are not doing well can come here to communicate!

The weekly chart shows four consecutive rising candles, with a full body indicating strength. After a short-term increase in volume, the price has consolidated at a high level, neither making new highs nor showing a significant drop. It still appears strong during local corrections. However, short-term indicators have shown a top divergence, indicating a demand for accumulated adjustments. Given the high-level consolidation after continuous volume increases, one should be wary of the risk of “increased volume leading to tops”; do not chase highs in the tail-end market. The subsequent rhythm is expected to have repeated high-level fluctuations and roundabout wash-outs, with the possibility of inertia probing for new highs before retreating. In terms of operations, it tests real-time responses; combined with patterns, one may consider a short strategy after a high surge.

Bitcoin can be shorted around 120500-121000, with targets focusing on 117000-117500.

Ethereum can be shorted around 3725-3750, with targets first focusing on 3650.