Good afternoon, friends. In the thoughts written on Sunday, it was mentioned that the market trend at the beginning of this week would continue to show a retracement pattern. While writing the strategy, it was still hovering around the 69000 line, and last night it briefly dipped to a low of around 67400. Looking at the trend, it aligns with the expected thought process, congratulations to the friends who got on board.

In the early hours of today, the trend formed a V-shaped reversal, moving from 674 to 694, a rebound of 2000 points. The market movements in recent days have been characterized by repeated fluctuations and shakeouts. It’s either an N-shaped trend or a V-shaped trend. My intuition suggests that we are nearing a conclusion. As for whether it is a bull market or a bear market, I personally lean towards a bull market, as this would attract more retail investors into the market.

From the market trend perspective, it is still in a correction phase today. The upward rebound is still under pressure at the 700 resistance level, while the lower side is above the 675 support level. However, based on the continuation of the rebound strength seen in the early hours, it is highly unlikely that it will reach the 675 position today.

Therefore, pay close attention to the 682 line, which is the low point this morning. If it doesn’t break before the US market opens, you can directly enter the market, targeting the 695-700 line.

I am Feng Lang, providing analyses that are never ambiguous. If you like it, please follow #11月市场预测 #BTC市占率新高 #非农就业人数大幅降温 .