The pie broke through the previous high and stood firm. There is no pressure on the top anymore and there is a strong sentiment of being optimistic and reluctant to sell as soon as it breaks through. At the same time, funds continue to flow in to raise funds. It stands to reason that there should be a process of accelerating upwards, and then there will be an adjustment.

Looking back at the previous cycle: the pie spent three and a half weeks from late November to mid-November 2020, fluctuating around 19,000 and breaking through to stabilize, and then it took more than three weeks to go from 20,000 to 4,000. If it reaches 2, then the first wave of adjustments in the 21-year bull market will usher in.

Will this phenomenon happen again in the near future?