Personal opinion: Not necessarily. Judging from the one-hour line, there is indeed a need for a correction, and the four-hour line is about to reach its end. But the daily line still has room for an upward trend, and the two-day line has even more room for an upward trend.
From this I can draw my personal conclusion: the first-line hourly line needs to oscillate for a short period of time, coordinated with the four-hour line, and then pull up again to create a previous high point, and then there will be a real decline, and then adjust, coordinated with the trend of the line, so as to create another height again (the premise is that there is no negative emotional influence).
Reference position: upper resistance 0.079, lower support 0.069; it is not ruled out that it may touch the position near 0.079 after midnight and then be beaten down to form a top signal. After being beaten down, if it just fluctuates downward, it means that the bulls are still there, just consuming the bears' strength and accumulating strength to attack higher positions again. Otherwise, it means the bears are coming.
The direction of risk aversion and picking up U has been pointed out, and the specific entry and exit positions are unlocked by the iron fans first
