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Silk Road on the evening of 7.25
Black Friday indeed lives up to its reputation.
The market's intraday bearish trend fell from around 118400 to about 114800, then randomly rebounded to around 116300, fluctuating.
From the four-hour navigation chart, the bearish strength is increasing, yet it closed with a bullish candlestick. In this case, pay attention to the resistance near the level of 118200 above, and watch 110000 below. Looking at the one-hour level, the bearish strength is weakening, while the focus above is on the resistance situation near 117000.
Personal suggestion
Pay attention to the support at 114200 below.
Bitcoin returned to around 115500 - 114500, looking towards
116800 - 117500