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Silk Road at 7:30 AM
The market activity in the early morning has not been significant, with narrow fluctuations in the range of 117000-117700. It is currently still within the 117000 fluctuation range.
From the four-hour chart perspective, the Bollinger Bands maintain a sideways consolidation pattern, oscillating around the middle band in the long term, with fierce volume battles between both sides, and overall there is no significant breakthrough in the trend. On the indicators front, the KDJ has formed a golden cross at the zero line, while the MACD shows a decreasing volume state. Overall, it still leans towards a counter-trend movement in the future.
The pancake returns to around 117000-116500, looking towards around 118000-118800.
The second pancake returns to the vicinity of 3740-3710, looking towards the area around 3800-3840.
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