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3.25 Bitcoin Summary
Today's Silk Road signal is clear and explicit:
Bulls lack sustained momentum to push higher—avoid chasing rallies blindly, unidirectional trend has not yet formed.
Upper resistance given at 71000-71500; notable pressure can be used to layout short positions.
Actual price action:
First wave: pressured from 71028, pulled back to 70375, 653 points of space
Second wave: pressured from 71319, pulled back to 70752, 567 points of space
Third wave: pressured from 71999, pulled back to 71085, 914 points of space
Fourth wave: pressured from 71933, pulled back to 70531, 1402 points of space
The Silk Road signal has been verified multiple times by the market. Worth noting: the third and fourth waves exceeded the target resistance level by five hundred points—reversal or trap?
Did you hold your position?
True direction is not about getting it right occasionally.
It's about hitting every inflection point, with Silk Road always one step ahead of the market.
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