7.23 Wednesday
Good evening, everyone!
Today we have been consolidating all day, and I'm still busy watching the market. Let's briefly discuss the positions and the Silk Road from earlier this morning. Based on the opening price of the US market, currently, Bitcoin/Ether is rebounding from a low position:
The initial target for Bitcoin's rebound is around 1185. If this level breaks, the market will continue to rise, then we will look at the positions of 1195-1203 over the next two days. If it can't break above 1185, the market will adjust, and the target for a short position remains at the previously discussed levels of 1170-1158;
Ether is currently in a low-level rebound and consolidation. The initial target for the upward movement is around 3650. If it breaks above, we will then look at the positions of 3720-3750. If it fails to rebound above 3650-3660, the market will continue to pull back, with the initial target at around 3580, and if broken, we will then look at the levels of 3550-3500;
Alright, let’s keep pushing through! Overall, the Silk Road has already been accumulating positions at low levels, directly referring to the upper positions for entry and exit.
