9.5 Early Silk Road
From the current market observation, the daily level mid-track resistance has not been effectively broken, clearly reflecting that the bullish forces in the market are still weak. The 4-hour K-line chart has shown a clear downward trend, with bearish momentum gradually being released.
Currently, the market is in a narrow range of fluctuations, but based on the structural analysis, this balance state is likely to be unsustainable. It is expected that during the early hours, the market will likely test the support level downward again, and it is recommended to maintain a bearish outlook.
Big Pie resistance at 110000, around 110500, looking at 108000
Second Pie resistance at 4350, around 4400, looking at 4200
