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4.11 Today’s Silk Road:
Latest price 729, indicating that the short-term moving averages have not yet formed a death cross. The price is above the short-term moving averages, but is slightly suppressed by the medium-term moving averages, and is in a range-bound consolidation state.
Currently, intraday volatility has a highest of 734 and a lowest of 713, and the amplitude is within a normal fluctuation range. The current price is near the upper-middle of the range; the bulls have a slight advantage, but they have not been able to break the previous high.
Trading volume is robust, indicating high market participation, and bulls and bears are in a fierce standoff.
Trend assessment from the minute chart shows that the price repeatedly fluctuates between 72,600 and 73,200, with no clear directional bias. The moving averages are converging, and a short-term direction choice may be approaching. If it breaks through 73,400, it is likely to continue rising; if it falls below 72,600, it may retest the 72,000 support.
Shorts near 73,000-73,500, look around 72-71000-70500
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