12.5 Afternoon Silk Road

The overall market trend on Friday showed a choppy back-and-forth struggle. The intraday price fluctuations were relatively small. After dropping to a low near 90800 in the morning, the price began to slowly rebound upward throughout the day, reaching a midday high around 92665 before pausing, and then started a slow pullback. ETH followed a similar pattern as BTC, stopping its morning pullback near 3064, then consolidating and gaining momentum. ETH's midday rebound was relatively strong, with the current high reaching 3192.

At present, the market is sending out clear positive signals. On the four-hour chart, the size of the bearish candles has narrowed. Multiple dips into the 91800 area have been strongly pulled back by long lower wicks, clearly indicating solid buying support at this level, and selling momentum has significantly weakened. Although the market has not yet entered a strong reversal, the balance of power is quietly shifting, and technical recovery is steadily unfolding.

Trading suggestions

BTC: Long near 92100-91900, target around 93500

ETH: Long near 3150-3130, target around 3250