Wednesday Morning Jingyi's Analysis of Silk

Yesterday, after breaking the 1065 level, a decline began, and the major asset continued a slight downward trend, dropping to around 1053 in the evening and then to around 1033. This morning it rebounded to 1043. It is expected to remain volatile or downward until the conflict and the domestic situation improve. Key attention should be paid to the performance of the 1030 support level, and it is recommended to adjust strategies flexibly.

From a technical structure perspective, the price is in a low-level downward fluctuation, with the MACD green bars continuing to expand, and the fast and slow lines forming a dead cross below the zero axis; the RSI indicator is at 41.05 and has not yet reached oversold territory, indicating there is still room for short-term decline. It is advised to sell on highs.

Trading Suggestions

BTC Sell in the 1053-1048 range, targeting 1040-1035

ETH Sell in the 2560-2530 range, targeting 2480-2450

The strategies are for reference only; trading should be approached with caution. Wishing all fans smooth sailing.