Good morning YB

After experiencing a period of continuous rise and fluctuation, in response to the crow's mouth yesterday morning, most bulls' wallets will shrink if they don't break their backs quickly, including me. After the data came out last night, there was a wave of upward movement and the price was close to breaking through the upward channel, but it did not break. Bad news comes one after another. Sometimes it is just such a coincidence that Gouzhuang likes to choose to strike at such a critical moment.

The rising channel has lost its meaning. The horizontal support has reached 20,400, which is just shy of 20,000. In terms of spot prices, it is not far behind by two points. Now it has entered a horizontal support range, which is what I said yesterday. If it is relatively strong, it will maintain sideways fluctuations and wait for those high indicators to recover. For example, whether the four-hour macd can stop falling before it reaches the zero axis, it is the indicator, not the price. In addition, the daily overbought indicator has dropped to the safe line and has now dropped to 77, which is relatively good.