Evening Silk Road Today's midday market remained flat, hovering around 85000. By evening, the price spiked to around 46800, reaching the target point for making a profit. Currently, the market trend is not clear, making it difficult to establish a strong directional movement; after touching the resistance level at a high, the price rebounded. Going forward, the key focus should be on whether the price can stabilize above 85000 for further observation and analysis.
From a technical structure perspective, the Bollinger Bands are flat at the middle band and slightly rising; the MACD indicator on the 4-hour and 1-hour charts both show a slight downward opening. Overall, while there is an upward trend in the market, it is currently in a sideways state, and short-term trading could consider making quick profits. Given this situation, buying on dips is currently a better choice.
Buy on dips around 84000—85000 Target near 86500—87500. Buy on dips around 1940—1860, Target near 2010—2040.
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