Friday Evening Jingyi's Analysis of Silk Exposure (High-Level Stagnation, Looking for a Pullback in the Evening)
After a month of unilateral rise, the momentum has weakened. The Bitcoin has risen from a low of 74457 to a maximum of 104400, with an increase of nearly 30,000 points. It has currently reached a key resistance zone on the weekly chart, showing clear signs of stagnation, and it is not advisable to chase high prices.
From a technical structure perspective, although the daily chart maintains an upward trend, there is continuous pressure at high levels, and the 4-hour chart shows fluctuations with a risk of reversal. The previous 110000 mark has been tested multiple times without breaking, and the same pressure characteristic is appearing again.
Trading Suggestions:
BTC range 103500-104000, target 101000-100000
