Deliver the art of trading and enjoy a smart life.

Many currencies have taken the N-shaped structure this time. After a wave of market decline, it began to encounter an important support level rebound, rebounded to the previous pressure level and fell back again. When it fell back again, it did not create the previous low point. At this time, the price attacked upward again. When it attacked upward, it encountered an important pressure level in the previous period and ushered in a breakthrough. In theory, we can consider entering the market when it falls back, but some currencies will choose to step back to give the opportunity to enter the market; but some currencies will not step back, but will directly leave. Therefore, if we wait for the step back, we may miss the opportunity of some currencies not to step back; for some currencies, we do not wait for the step back and enter directly, which may result in a short-term floating loss or even break the neckline. Then this depends on your own choice. Whether you choose to enter directly or step back to enter depends on your personal preference.

PEPE analyzed this token and found that it also followed a similar N-shaped structure. We can see that after it reached 657, it rebounded to the neckline at 800, then fell back, and when it rebounded again, it retreated to the neckline several times.

So PEPE is a relatively friendly token, that is to say, after breaking through the neckline of the N-shaped structure, it fell back to the neckline three to four times, so those who entered the market at this point were very lucky. Then the price rose from 800 to 1110 in the past three days, and the increase was 30%.

So this kind of situation is a relatively lucky way to catch the market in the trading process. From the overall point of view, the PEPE token has broken through the neckline and the downward trend line at the same time. This trend line starts from the high point of May 27th to the low point, and the entire downward decline has reached about 70%, close to 70%. Then its price has been rising strongly. Today is the third day since it started to rise. In fact, its price has touched the first channel from the bottom. Then it will continue to rise after a short rest in this channel. So what is my point of view?

Since this token has walked out of a new channel, it is very likely to open a new rising channel again. The upper track of this rising channel is around 1425. If its overall increase can reach the expected target as scheduled, then there will be a 70% to 80% return from the neckline to the high point. It depends on whether the market gives opportunities. If the market gives opportunities, we should be grateful to the market.

As for this token, we also emphasized the trend of PEPE in the VIP spot class, and the trading opportunities of PEPE. As for PEPE, our entry point is exactly at the neckline position. We can look at a previous PEPE trading plan. In this trading plan, our entry point is 0.00000795 of PEPE, and the stop loss is set to 770. Of course, this 770 is based on the closing price. So did this token touch this position when it stepped back? Then we zoom in on this area. The lowest position it stepped back was 775, and the second time was 783, and the third time was 791.

Therefore, the PEPE token has given us three opportunities to enter the market, of course, it has not touched 770. Even if it touches 770, as long as its closing price is not below it, it can be held.

As we just said, the overall profit rate of this token has reached 39% from the entry to the current position. Of course, congratulations to those who have followed. As for the future trend of PEPE, if it reaches the upper track of the expansion channel, it is equivalent to it going through two channels. So my view here is that you must take a part of the profit, or take a profit and leave the market. There is a high probability that there will be a downward correction. At present, it is still mainly held. If you want to cover your position, you can only go to the lower track of the channel, 1000 below the lower track of the channel.

Let's take a look at the price trend of BTC, which has now reached $66,000. This position is also very critical, as it is a pressure point of the previous downward trend line. Whether this position can form an effective break will determine whether BTC will start a new trend or a turning point for a correction.

We found that the previous two times there was a top divergence and a double top structure was formed. So will the price of BTC form a double top this time?

It is currently consolidating at 66,000, with a support level of $64,777. From the perspective of the MACD indicator, it has gradually crossed the 0 axis, so the 6-hour level momentum has been exhausted. We can find that in the process of pulling up, its MACD indicator energy column is not as high or as long as before, which means that the momentum has slowed down. So the BTC price may have an hourly correction, and the two corrections in the past two days were very limited and have been maintained at a high level. At the same time, from the weekly level, we should not forget the weekly level, it has formed a golden cross between the 5-week line and the 10-week line.

If it stands above 66000, or the MACD indicator forms a golden cross at this place, it means the establishment of a new trend. At this time, you should choose to increase your position instead of shorting. So when the trend comes, we must remember that the rise should not be limited. Of course, if it forms a bearish K-line combination at this position, or does not form a golden cross, it means the beginning of adjustment.