10.18 midday Silk Road The pancake experienced a short-term surge followed by a series of consecutive declines, forming a short-term downward channel, with the lows gradually decreasing, indicating weakness. The MACD on the hourly chart continues to stay below the zero line, with weakening upward momentum and significant resistance above, the trend is biased towards the downside, and we will first look for a reversal action during the day. Bing: Around 107600-108200, targeting 106500-106000. Two cakes: around 3950-3400, targeting 3850-3800#BTC

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10.18 midday Silk Road The pancake experienced a short-term surge followed by a series of consecutive declines, forming a short-term downward channel, with the lows gradually decreasing, indicating weakness. The MACD on the hourly chart continues to stay below the zero line, with weakening upward momentum and significant resistance above, the trend is biased towards the downside, and we will first look for a reversal action during the day. Bing: Around 107600-108200, targeting 106500-106000. Two cakes: around 3950-3400, targeting 3850-3800#BTC