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The market chart has steadily declined from 76,956 to 76,088, stabilizing and stopping the fall, creating an 868-point space, which perfectly matches the Silk Road forecast support zone of 76,400-76,000. The bulls held their ground at this critical defensive position.
The lower band of the Bollinger Bands provided precise support, and the price quickly recovered above 76,000. The repair momentum after the MACD bottom divergence has begun to be realized, and the current rebound is a technical correction of the previous decline.
This bottoming and stabilization once again verify the accuracy of the Silk Road strategy in key support control. Next, it’s about patiently waiting for the direction to be chosen, following the trend, without panic or greed. $BTC $ETH
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