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7.28 Monday
Good evening, everyone!
Briefly talk about the location of the Silk Road in the early morning:
The daily Bitcoin price is under pressure around 1198, currently retracing and rebounding near 1179. The first target above is around 1190; if the price does not close above this level on a small timeframe, the market will likely retrace downwards, with the first target being around 1179, followed by 1172-1160. The support level is near 1150. If there is a stable close above 1190 on a small timeframe, we will then look at the daily high of around 1198, and if it breaks, we'll look for levels around 1203-1210.
The aunt's day rebounded to the first target near 3930 and is currently slightly rebounding near 3770. It has not been able to close above the 3830-3840 range on a smaller timeframe. If the market retraces again, first look for support near 3770. If it breaks below, then continue to look for levels around 3730-3700 for a rebound, with a stop loss near 3680. The initial upward target for the rebound is around 3900, and if it breaks through, then look towards 3920-3960.
The rebound short given during the day has been realized. Overall, the Silk Road suggests focusing on pullback longs in the early morning. When it reaches the target position, the first entry should be light. If you seek stability, go near the defensive position. Hang in there!
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