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19th Bitcoin Evening Silk Road
Morning Review
This morning, we suggested entering long positions around 85,000. The market actually started from 85,062, reaching a high of 88,366, capturing over 3,000+ points of profit, which perfectly aligns with our early analysis.
Evening Market Analysis
Currently, the Bollinger Bands are showing a converging trend, with the upper and lower bands weakening and moving downward together. The price has tested the upper resistance multiple times, and the green volume has shown a clear decreasing trend. If the market cannot break through the resistance zone with increased volume in the short term, it is likely to remain in a narrow range of oscillation.
The evening trading strategy is mainly to short on rebounds.
Recommend entering short positions in the 88,500—89,500 range when opportunities arise.
Targeting the 86,500—85,500 zone downward.