7.23 Morning Silk Road
The early morning shipping situation has shown a forceful rebound to 120300. Recently, it fell back to 119100, and is currently oscillating in the range of 119800. It is now demonstrating a step-up trend.
From the daily candlestick chart, the previous downward trend has transformed into an upward one, and there is support below. Looking at the 4-hour chart, the upward momentum is increasing, and the trend has already crossed key positions upwards. However, when it approaches the upper resistance levels, it seems to struggle to move higher. As for the 1-hour chart, the upward strength is still increasing and is consistently moving towards the upper resistance line. The upper resistance level to watch is 120900, while the lower support level to focus on is 117500.
The major coin is retracing to around 119300-118600, looking towards 120200-120800.
The second coin is retracing to around 3660-3700, looking towards 3750-3780.
