This trend is exactly the same as the first time it broke through the historical high of 69,000. The relay positive line on March 3 and the acceleration line on March 4. The rising structure has gone through three stages: adjustment, relay, and acceleration. If it is in the middle and low positions, a structure like this will definitely break through the previous high point, and there is even a high probability that it will continue to rise. But when the price is at a relatively high point, especially when it is close to the historical high, the banqun; free Wei; LS688677 is often not so smooth, and it is more common to turn back and adjust sideways. Especially after the accelerated market, the chain reaction brought about by the high sentiment of long positions, the follow-up chips are more in the accelerated price space, and what they have to face is the increase in holding costs and the price behavior of the main arbitrage at high positions. This is well proved by the mirror negative line on March 5.
Back to the current market, I said in yesterday's analysis that the daily line continues to close positively and the price remains above 71500, which is a good pattern for bulls. It is necessary to take advantage of the strong bullish sentiment to push forward in one go to have the opportunity to break through the new high and touch the farther position, otherwise it will be a situation of decline and exhaustion. The accelerated positive line on April 8 and the closing line on March 4 are the same. There is an obvious pause in the previous high momentum, and the upward space is squeezed. The small K-line adjustment can still keep hope for the high, at least indicating that the high-chasing chips have not fled in large numbers. It's just that the mirror negative line yesterday has given the answer. The price fell back to below 70000. With the current downward force, it can only be said that the short-term trend has weakened if the previous day's gains are completely swallowed up. The medium-term weakening signal still needs to break through the upward trend line, corresponding to the price of 66800-66000, and it must be completed in a short time. If it is just a slow decline with a recovery action, the low position after the extended cycle can only be seen in the range of 67700-67000.
Summary: Facing a new high, the market is often too impatient. And it is this eagerness that makes it easier to fall into the trap carefully designed by the main force. The historical trend is of great reference value, which is why I will insist on being bearish above 70,000. In the final analysis, any trend is a price behavior. It can be separated from the technical aspect, but the ultimate goal must be to benefit itself rather than to make retail investors in the market profit. The medium- and long-term position profit of 72,000 arranged by numerology is close to 4,000 points, but this is not over yet. The medium-term target is very clear, between 66,500 and 65,000. Just hold it patiently. If there is no trend of bottoming out before halving, we will consider taking action. The maximum target for short-term shorts is 70,000, 2,000 points of profit, just eat half full, after all, the position leverage is different from the medium and long term. In the near future, only the range of 66,800-66,000 is considered for short-term, and you can enter the market if you have the opportunity. Shorts at low positions will not be short-term, the profit and loss ratio is too low, and there will be opportunities in the future market, so you can continue to pay attention.
