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Sir Zhu's BTC Ether Silk Road on October 10
Overnight, BTC once again experienced a cliff-style spike, and from the 4-hour perspective, the Bollinger Bands have clearly turned downward. The large bearish candle directly broke through the lower band, and although there was a technical rebound afterward, the trading volume was clearly insufficient to shake the overall downward structure. Looking at the hourly chart, the bearish trend is evident, with lower highs consistently moving downwards, and the rebound is constrained by the middle band, with momentum weakening.
Today's Silk Road: Gao Kong.
BTC near 122200, ↓ look at around 120000.
Ether is around 4440, ↓ looking at around 4320.
Investment involves risks; please invest cautiously!