7.4 Friday

Good afternoon, everyone!

It's Friday again, and the weekend is just around the corner. With the coal stocks being closed for three days starting today, the pace will slow down a bit, but we should stick to the plan and not relax too much. The rebound short given the day before hit precisely at around 1105 for Bitcoin and around 2640 for Ethereum Classic; after the pullback is complete, we should consider entering at the support level.

The current target for the callback of the large pancake is to first look at the low position around 1085 in the afternoon of the next day. If it breaks, then look at the area around 1072-1068. If the price does not effectively break through the first target level during the pullback, the market will rebound. The upward target is first set at around 1095-1100, and if it breaks through, then look at the two positions around 1105-1114.

The rebound from the high position given by the concubine has resulted in a retracement, currently reaching the first target around 2550. If it effectively breaks through, we will look at the range of 2500-2460. If it pulls back to the second target area without continuation, it will rebound. The upward target is initially around 2590-2610, and if it breaks through, we will look at the range of 2630-2680.

Overall, the Silk Road suggests entering short positions at high levels and adjusting to target levels based on personal circumstances for reducing positions or exiting. After a pullback, consider entering long positions and watch for rebounds while maintaining good defense. For low entry points, the defense for Bitcoin should be around 1055-1050, and for ETH, it should be around 2430-2400. The prerequisite condition is definitely to look for rebounds near the lowest levels provided above.
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