Silk Road on the evening of November 10
The opening of the US government, expectations of interest rate cuts, cryptocurrency policies, and universal cash distribution will trigger a new round of bull market. In the afternoon, I entered at 105850 for Bitcoin, exiting at 106518, successfully capturing over 660 points of space. I entered at 3587 for Ethereum, exiting at 3628, successfully capturing over 40 points.
In the current four-hour trend, the price has broken through the previous consolidation range, continuously closing with long real bodies and very short upper shadows, reflecting light selling pressure during the upward process, with strong intent to attack. The short-term upward structure remains solid. The one-hour level shows a clear stepped upward pattern, with each round of rise followed by small bearish and bullish candles completing the consolidation, and then breaking through the previous high accompanied by increased trading volume, indicating a complete and steady trend. Evening operations can continue to focus on the idea of doing a dip.
Operating Recommendations
Bitcoin: hovering around 105600-105400, targeting near 107000
Two cakes: around 3570-3550, targeting near 3700.