9.4 Midday Silk Road
From a technical perspective, the following characteristics are presented at the daily level: After experiencing significant fluctuations earlier, the overall situation has currently entered a stage of oscillation and adjustment. Although a breakthrough was achieved with a long bullish candle on September 2, the subsequent two trading days have consecutively closed with small bearish candles, clearly indicating that upward momentum has weakened.
Switching to the 4-hour cycle for observation, the trend shows a high-level pullback, with significant pressure around the previous level of 112500, and the bullish strength is continuously declining in the short term.
Big Cake Resistance 111200, 111800 range, looking towards 109000 range
Second Cake Resistance 4400, 4450 range, looking towards 4300 range
