8.21 Silk Road Analysis

In the flatbread market yesterday, flatbread prices experienced significant fluctuations. At first, the market showed a rebound trend, and the currency price once reached around 61380. However, it subsequently pulled back under pressure, hitting lows around 58,500. Bullish sentiment weakened again during this process, and the market returned to the shock range.

Observed from the short-period hourly chart, the Bollinger Bands are in an open state, and the currency price is hovering near the mid-track area. Although it touched near 61500 in the short term and rebounded, the suppressive force above was still strong and could not be effectively broken. The MACD indicator turned from yesterday's negative value to a positive value, and the fast and slow lines are above the zero axis. The EMA7 moving average is slightly higher than the current currency price, and the EMA30 is close to the current currency price. In the short term, we can focus on the suppression formed by EMA120.

Looking at the daily chart, the price has encountered corrections many times when it rebounded to near the central axis, and the intraday rebound is relatively weak. The daily Bollinger Bands are closing, which makes the market tend to further narrow the range. The trends of MACD and Stoch are parallel one after another, and there should be a new round of correction in the short term.

The operation suggestion is that the market is around 59500-60000, with a target of 57500. If the position is broken, look at 56000.

Near 2630-2590, the target is 2500, continue to look at #美联储何时降息？ #TON #Ripple于诉讼中取得部分胜利 #比特币行情走势分析 #以太坊行情走势分析 $BTC $ETH