Evening Silk Road Analysis

Currently, Bitcoin is converging in a downward range and is testing the top of the converging triangle. The K-line has sharply dropped before the rebound, with frequent liquidations. Market sentiment is unstable over the weekend, so a conservative short-term operation is recommended.

This morning, Bitcoin broke through the top of the converging triangle, but we still need to pay attention to the trend within the box. If it holds the support level at 97,000, there is still a significant possibility of a rebound in the short term.

Operating suggestions are for reference only.

Bitcoin is expected to retrace near 96,500, with a target of 98,500.

Ethereum is expected to retrace near 2,660, with a target of 2,760.#Bitcoin