Everyone knows that the position of 70,000 is a critical pressure point.

From the historical trend in the past, it has all ended in failure.

If we count this time, it is the 7th time to hit 70,000 US dollars; it has fluctuated for 7 months, just once a month.

I don’t know if it is a coincidence or carefully designed by others, but it is not very important to us.

7 months is enough to change the investment mentality of countless people. No matter how firm they were in the past, they will have doubts more or less.

My personal opinion is: this is a real breakthrough, and the probability of standing firm at 70,000 US dollars is very high.

The previous few high and low points of the impact of 70,000 US dollars were all moving downward, while the recent two high and low points were moving upward.

In addition, the long-term volume has begun to increase gradually, and the K-line entity of the long army is also gradually increasing.

These are all signals that the shorts are beginning to weaken and the longs are beginning to become strong.

The above are all conclusions drawn through technical analysis.

For me personally, I trust the conclusions drawn from technical analysis, and I am willing to pay for it.