Today, Silk Road clearly identified 71,000–71,500 as the core resistance zone, with price action completing precise validation of this area twice consecutively.
In the first wave, after price touched 71,028, it was suppressed by the resistance band and directly pulled back, with lows probing to 70,375. The logic of selling pressure and downside reversal was successfully confirmed.
After the first correction played out, price launched another attack upward, with highs surging to 71,319, entering the 71,000–71,500 resistance zone once again. Subsequently, it failed to continue breaking through and instead entered a high-level consolidation phase.
Two upside advances were both blocked within this zone, fully confirming the extremely strong effectiveness of the 71,000–71,500 resistance band. Short-term selling pressure remains evident, with the balance of long-short forces continuing to be contested repeatedly within this area.
Today, Silk Road clearly identified 71,000–71,500 as the core resistance zone, with price action completing precise validation of this area twice consecutively.
In the first wave, after price touched 71,028, it was suppressed by the resistance band and directly pulled back, with lows probing to 70,375. The logic of selling pressure and downside reversal was successfully confirmed.
After the first correction played out, price launched another attack upward, with highs surging to 71,319, entering the 71,000–71,500 resistance zone once again. Subsequently, it failed to continue breaking through and instead entered a high-level consolidation phase.
Two upside advances were both blocked within this zone, fully confirming the extremely strong effectiveness of the 71,000–71,500 resistance band. Short-term selling pressure remains evident, with the balance of long-short forces continuing to be contested repeatedly within this area.
Next moves are under your own control.
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