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Silk Road at 11:20 AM
The intraday market has ended today, and the controlling force is clearly dominated by the Kongs. The big coin dropped from a high of 93799 in the early morning to a low of 89966, and although it rebounded to around 91987, it is currently oscillating and consolidating around 90000; the second coin also fell from a high of 3169 to a low of 2990, then rebounded to 3112, and is now resting near 2980. The Silk Road provided today has arrived as expected, and although there weren't many Dan transactions today, there were still some profits to be made.
As the weekly line is about to close structurally, the trend structure of the market has also become somewhat apparent. Currently, the space and magnitude of the rebound are negligible compared to the previous decline, only temporarily slowing down the downward process, and will not change the ultimate trend posture. This point has been emphasized countless times. The key now is the continuity of the rebound recovery rhythm, and I maintain a bearish outlook on the Silk Road in the early morning.
Operation suggestions
Bitcoin: Around 90200-90500, target near 89000.
Two cakes: around 2990-3010, target around 2850