Reply to the question of a friend in the comment area: How to read $PEOPLE ?

Let's look at the hourly K analysis. The logic is in the picture. Let's extend it:

(1) The current price is still in an upward trend

(2) But it encountered structural resistance in the area. It is subjectively judged that this wave cannot be successfully crossed

(3) The hourly K cycle indicators are still normal, and there is no high-level reversal structure. Combined with the trend, we first look at the retracement

(4) The first target of the retracement is 0.696-0.7 combined with Fibonacci. The current profit and loss ratio is still there

(5) The trading volume has decreased, but it has not shrunk to the extent of no volume