Sunday, October 17th BTC Silk Road Analysis
- Hourly: The trend is further weakening, with consecutive small bearish candles falling. Although there was a large-volume doji bullish candle, the upward momentum has been fully released, and the secondary retest pattern is basically confirmed.
- Four-hour: The stepped downward trend is obvious, with the oscillation accumulating energy, and the oscillation center continues to move downward, with further downside expected.
Sunday Morning Strategy
Silk Road remains unchanged, still looking at the oscillation.
Big Cake operation: Operate around 117600 - 118000 to oscillate, targeting down to 116600
