Evening Silk Road

The Bitcoin price is showing a slow downward correction trend, rebounding to around 96,700 before starting to pull back. Currently, the price is fluctuating around 95,000. Today's US stock market is closed, leading to little movement in the cryptocurrency market. Partners who are unsure about entry positions are advised to wait and observe. If you want to enter the market to trade, you can consult Yi Fei for guidance.

From a technical structure perspective, the 4-hour Bollinger Bands are running at the upper track, and the overall shape is still relatively weak. The back-and-forth tug-of-war between bulls and bears requires some time to create space, and some friends are still watching the market. However, Yi Fei remains firmly bearish on Bitcoin. The evening may still see slight fluctuations without a clear one-sided trend signal. In the short term, trading can be done in the range of 97,200-94,500, and adjustments can be made if there’s a breakout.

Buy Bitcoin in batches on the pullback near 94,500-94,000, targeting above 97,200.

Buy Ethereum in batches on the pullback near 3,570-3,540, targeting above 3,700.