Today many new fans and brothers came to ask Old Liu, didn't we agree to break ten? Why was it almost an earthquake!

Personally, I believe that, as mentioned in previous articles, this week is a consolidation week, after all, it's the end of the month and everyone tends to be a bit restless.

Everyone shouldn't panic too much, next I will mention a few reasons, my personal opinion, please pay attention and let's witness together if it's right!

First, from a technical standpoint, the recent rise has indeed been too strong, various indicators are not quite right, the greed index has risen above 80, close to historical highs.

The contract open interest is also nearing 100 billion dollars, which has also broken historical highs, looking at this, a major correction in the short term does seem a bit difficult, but breaking 100,000 is also quite challenging.

Next, let's talk about market sentiment, during this period, Bitcoin has been rising rapidly and everyone is panicking, afraid of missing out on the opportunity to make money, mindlessly buying along with the trend, and after these couple of days of correction, they still find their accounts in a state of loss.

Next is the news front, the old US State Department spokesman has not released a ceasefire agreement, which makes things even more uncertain.

Lastly, the macroeconomic situation cannot be ignored, the global economy is also not doing well, the US non-farm payroll data is also poor, everyone is afraid of recession, and naturally, their tolerance for risk is low.

So this week, Old Liu still believes that we are primarily in a consolidation phase, as mentioned in previous articles, there will be three waves of consolidation this week. So community brothers should always be ready to close long positions and pay attention to the news!

Alright, that's all for now, keep a close eye on the market and I will share personal opinions and strategies for free every day to bring you the best service quality! Remember to follow me!