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Today Silk Road clearly identified 71000–71500 as the core resistance zone, with the market price action having completed precise validation of this area twice consecutively.
The first wave of price action touched 71028, then directly pulled back under pressure from this resistance band, with the lowest probe reaching 70375, with the bearish momentum logic successfully playing out.
After the first pullback was confirmed, price launched another upward attack, with the highest surge reaching 71319, entering the 71000–71500 resistance zone once again, but subsequently failed to break through further, instead shifting into high-level consolidation.
Both upward pushes were blocked within this zone, fully confirming the extremely strong validity of the 71000–71500 resistance band, with obvious selling pressure overhead in the short term, and the balance of long-short positioning still repeatedly contesting within this area.
The next direction is in your own hands
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