8.24$ETH Today’s Silk Road (pullback and stabilization; within the main range low range)
Market analysis
#比特币创2023年3月来最强周涨幅
After the earlier push to the 2485 high, price faced pressure and pulled back. It broke below the middle rail, the indicators turned downward, short-term bullish momentum weakened, and the market entered a correction phase. Above, 2462 is strong resistance. Current price is around 2434. Below, the key support is 2355. The bigger trend remains upward. As long as the key support is not broken, the “pho head” stays in an offensive/attack posture.
Entry zone: 2390-2420
Stop loss: 2350
First target: 2460 (reaching the half-reduction confrontation high)
Second target: around the prior high near 2500
If 2355 support is directly broken, the pullback will deepen further; abandon the “pho head Silk Road” setup
Market analysis
#比特币创2023年3月来最强周涨幅
After the earlier push to the 2485 high, price faced pressure and pulled back. It broke below the middle rail, the indicators turned downward, short-term bullish momentum weakened, and the market entered a correction phase. Above, 2462 is strong resistance. Current price is around 2434. Below, the key support is 2355. The bigger trend remains upward. As long as the key support is not broken, the “pho head” stays in an offensive/attack posture.
Entry zone: 2390-2420
Stop loss: 2350
First target: 2460 (reaching the half-reduction confrontation high)
Second target: around the prior high near 2500
If 2355 support is directly broken, the pullback will deepen further; abandon the “pho head Silk Road” setup
