1.8 Morning Silk Road and Recommendations



Review of yesterday's top three consecutive peaks, with Bitcoin reaching 3000 points
The sentiment was close to 200 points, with buying pressure at its maximum
Yesterday showed a weak downward trend throughout the day, with prices continuing to decline overnight to around 90600, then stopping the fall and rebounding. Currently, it has recovered to about 91200. From the technical structure on the 4-hour chart, the Bollinger Bands have started to narrow after opening, with prices falling from near the upper band to below the middle band, indicating short-term bullish momentum is weakening; further confirming a short-term trend reversal signal; the KDJ indicator's three lines are all approaching oversold territory, suggesting that short-term bearish forces dominate, but there is also potential for a technical rebound, so high-range trading can still be attempted. The specific operational suggestions are as follows:

Bitcoin
Range: around 91600 to 92200, watch for 90800 to 90000
Sentiment
Range: around 3190 to 3220, watch for 3140 to 3110

The above are personal suggestions only.
BTC0,13%
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