Good evening, family. I just had a conversation with the outstanding post-2000 trader @交易员-长江 about the market. I must say, technical analysis is indeed accurate, and he's not only good-looking but also skilled!

Family: How should we view the big pie after the surge to 00801411540 in the evening?
What can actually be seen is that the big pie has dropped from the high point of 108,000 to 92,200. This wave of decline has already seen large funds flowing out from the market; during this wave of decline, the big pie reached 92,200, and those using high leverage should have been liquidated, while some low-leverage bulls are still holding their positions.
The rebound did not surpass 100,000, which is because there are trapped positions above 103,000. The big pie rebounded and then fell again yesterday to 92,500, causing many trapped positions to panic around the 92,500~93,000 range. As long as retail investors panic, they will cut their losses at this position; those who are aggressive, under psychological pressure, and trading based on feelings will open a short position here.
The 92,500~93,000 level is where many people opened short positions, feeling it would break 92,200 and create a new low. The market makers directly pushed it up to the resistance level of 99,000. If this market reaches 99,000 and shows a volume reduction pullback, everyone should pay attention to the upper market range of: 101,500~102,200, where we see a resistance level at 103,000. This position is where everyone can take profits on long positions, and where trapped positions can be resolved, rather than a place to chase highs or go long. If there is a volume reduction at this high level, one should be cautious of the risk of false breakouts; if the market pulls back again, it may go to the 90,000~89,500 range.
Because the big pie has already shown a daily level pullback at a high position, breaking the upward trend line, and on the weekly chart, one can see that a bearish weekly candle has formed, indicating that the market has high-level risks.