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Thursday Noon Jing Yi analyzes Silk露 operation
Geopolitical turmoil triggers crypto market volatility. Yesterday, the bears were on the brink, with the price starting to rise from around 67,300. The midnight market remained relatively strong, with limited pullback space. Bitcoin surged again in the early morning, reaching a high of 74,046. Bitcoin gained about 6,700 points, currently entering a high-level consolidation phase; ETH also strengthened simultaneously, surging to around 2,199 in the early morning.
Currently, the bulls are slowing down in volume, and the market is entering a narrow range of consolidation, with a slow trend and limited space, showing a oscillating slow upward structure.
Pay close attention to the pullback strength. If the pullback is weak, focus on low buy-ins, as the trend remains oscillating upward; if it breaks below key support, then look for a decline accordingly.
Trading Suggestions
Buy near 72,000 for Bitcoin, target 73,500–74,000
Buy near 2,080–2,100 for ETH, target 2,200–2,250
Personal opinion, for reference only.