9.3 Evening Silk Road
From the perspective of the Bitcoin trend, it is currently still in the adjustment phase during the correction process, but compared to the previous period, the correction rhythm has clearly slowed down. It is worth noting that the upper level of 1117000 was originally a support level for the last round of correction, and has now transformed into a strong resistance area. Although it has attempted to reach this position twice, it has failed to achieve an effective breakthrough, indicating that bullish momentum has clearly exhausted. However, it is necessary to pay attention to the second resistance level at 112500 and the third resistance level at 113500.
The evening will still be dominated by high volatility.
Bitcoin resistance at 111800, volatility around 112500, looking towards 109800.
Ethereum resistance at 4380, volatility around 4450, looking towards 4200.
