The Silk Road continues to be effective at noon

4.17 Midday Silk Road
Big Cake 84500-85500 nearby, target 83000-81500 nearby
Second Cake 1610-1640 nearby, target 1550-1500 nearby
Currently, the Big Cake maintains a fluctuating trend.
From the 4-hour technical chart analysis, it has initially shown a descending triangle pattern. The upper resistance level is 85500, formed by connecting recent highs; the lower support level is 83000, which coincides with the weekly EMA50 moving average.
In terms of technical indicators, the MACD green bars are gradually shortening, but a golden cross has not yet formed; the KDJ indicator has shown a golden cross at a low level, suggesting that there may be some rebound momentum in the short term.
The Second Cake is weakly fluctuating. The MACD indicator at the 4-hour level has formed a death cross below the zero axis, and the relative strength index RSI is in the neutral range around 40, indicating a lack of upward reversal momentum in the short term.