The scarred part of the tree is also the hardest part of the trunk; and the scarred part of us becomes the strongest part in the end.

(Afraid of heights? Not true!)

After breaking through 69,000, it has been consolidating at a high level for two days over the weekend, without much correction, but from the overall structure, 69,000 is still under pressure, but the current market sentiment tends to continue to look at the retracement. After all, this position is a milestone. This is how it came down in 21 years. Then the downturn of half a year has returned to the historical high again. Can this round of rise bring the market back to the bull market?

Personally, I am looking at 7 this week. I have seen it countless times since last week, so I have confidence in the bulls. The daily K closed with a positive column yesterday weekend, still standing above the previous high of 68,000. This is the advantage of the bulls. From the 4-hour line, it has been a continuous positive pattern from July 5 to today. After breaking through the four-hour 68,000 pressure on Saturday, it continued to fill in the shadow line. It was easy to fill in the shadow line in the trend, but there was not much correction, so it can be seen that the current bullish momentum is still sufficient.

My personal conservative point

58,000-57,000 direct long

Target 70,000

Whether in reality or in the trading market, there are always people who are afraid of heights. The market refreshed the historical test of 69,000 last night and broke through the previous high point without encountering resistance and falling. Moreover, the previous high point in the rising market does not necessarily have to be regarded as the upper resistance, nor is it a reason to be bearish as the market goes higher. Many people are afraid of heights!

What is the peak? At least 4 conditions must be met:

1. Retreat after encountering resistance;

2. The strength of the retracement is relatively large, usually manifested as a high-rise fall;

3. Even if there is a rebound, it is not strong;

4. In terms of time, there will be no further upward test in the short term.

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