Morning Silk Road and Suggestions


It's weekend again, and the week really went by fast. I don't know how everyone's wallet is doing. Those who can't find the right opportunity or can't accurately judge the right time to exit can contact Sister Lin.
Bitcoin is consolidating at a high level on the 1-hour chart, with the MACD histogram expanding negatively, and buying depth is unbalanced at 33%. Active selling pressure is accumulating.
The 4-hour Bollinger upper band at 77,477 is acting as resistance, and the price has failed to break through effectively for three consecutive candles.
In a negative funding rate environment, open interest remains stable, and bulls lack the fuel for sustained upward movement.
The price repeatedly tests around 77,000, with bulls' willingness to buy weakening. Resistance is set above 77,480.
First target: 75,500; second target: 73,255.
The position at 2,440 continues to set up a short position, with support at 2,530.
First target: 2,400; if broken, look at 2,350.
After reaching the first target, halve the position, and move the stop-loss to the entry price.
If the price rebounds and breaks through the entry point, exit immediately.
On the 1-hour chart, buy orders are fragmented, and the proportion of active sell orders is rising.
Although the MACD on the 4-hour level is still high, the histogram is shrinking, indicating weakening upward momentum.
Combined with depth data, the sell wall above is thin, but support below is not dense, opening room for a pullback.
Under this structure, the risk-reward ratio favors a retracement toward the midline.
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