The market was pulling up all day yesterday, and even broke through the key position of 6w6, which makes people wonder whether it was pulled up during the Asian session? Is it a lure or a real breakthrough?

Putting aside the international situation, compared to what everyone has seen recently, Asia has not been peaceful recently. I won’t go into details here.

Then let me talk about my opinion. Assuming that the main force supporting this wave of rise is domestic funds, what I can think of is the policy support of the Ministry of Finance on October 12. Although the specific amount of money released was not mentioned at that time, it mentioned the words of large scale and the strongest in recent times many times. Later, several domestic securities companies used it as a mouthpiece and estimated a figure of 5 trillion. Under this expectation of money release, not only the A-share market, but other financial assets will definitely be affected, including the big cake.

Secondly, I have noticed that many domestic steel companies have raised their steel prices, with the highest price increase reaching 600 yuan/ton. This is definitely a signal that the government is actively creating inflation, because the largest consumption of downstream steel is the domestic large-scale infrastructure, and the money for infrastructure comes from the government. Therefore, the most obvious result of the price increase of downstream steel companies is an increase in government spending. The extra money can only be raised by printing money, and it is unanchored printing of money.

This has caused a large amount of money to be released into domestic enterprises. In addition to stimulating the economy, the country will guide this money into the real estate and stock markets in order to prevent the prices of necessities such as rice, flour and oil from rising too much. This is why domestic housing prices have risen so fiercely in the past 20 years. Now that global assets such as Bitcoin have emerged, it is very likely that this part of the money will flow into the currency market in the future. Perhaps a lot of smart money has already entered the market. Today's wave of pull-ups may be due to this reason.

Of course, this wave of growth may also be driven by South Korea. South Korea is facing the risk of war. In order to hedge against the depreciation of the won, cryptocurrencies are also a good safe-haven asset.

In the US, there are no other important policies and data to be released this week except for the initial jobless claims on Thursday. However, as the US election approaches, the changes in the winning rate of Trump and Harris still have a great impact on the market. Harris also expressed his clear support for cryptocurrency yesterday. It can be basically understood that no matter who wins the November election, it will be beneficial to Bitcoin. Of course, Trump will be more favorable. After all, he has stated that he wants to use Bitcoin as a US currency reserve asset.

Another important thing is whether this is a breakthrough or a fake?

This time the rise back above 66,000 is very stable, and it is indeed higher than the most recent high point.

Then today, it didn’t seem like there was a pullback like before. It seems that it only needs an acceleration to break through the pressure of 6.8w.

We also need to observe today's high turnover to see whether it is a false breakthrough. The stability of a price is bound to go through a certain turnover, otherwise the departure of previous profit-making orders will cause prices to fall.

It is indeed impossible to draw a conclusion now as to whether BTC is a false breakthrough. The key lies in the turnover at high levels. If there is a surge in trading volume at high levels, it proves that the turnover has increased significantly and the price has not fallen too much, indicating that it has stabilized and will help continue to rise.

On the contrary, if the selling pressure cannot be taken up, it proves that the market is not stable enough and the breakthrough is "false".

Of course, it cannot be ruled out that if the market liquidity continues to be low, it will rise several times in a row, attracting retail investors to follow suit and buy.

Now we no longer want to use vague positioning to define a big bull or a rebound.

Because in fact we can only make money within our trading system, it has nothing to do with bullish, bearish or rebounding.

At the beginning of the big market, here are some advices:

1. Give priority to individual targets with bottom oscillation, clear accumulation structure, and large-scale pulling up. They will be the first to come out. Don't jump out of the stock market just because you see that other stocks you hold are not rising. You may end up with nothing.

2. Don’t care about the cost, don’t be too concerned about the comparison and price, and define whether it is expensive or cheap.

3. The general trend of the market is still upward, and the correction after the sharp rise has stabilized, which is the best time to enter the market.

4. Avoid frequent position changes. Previous bull market experience tells me that abandoning the chips bought at the bottom and chasing the rise is often the easiest way to lose money in a bull market. Only when the wind comes can you dance gracefully.

Ethereum is strong, and the copycat is recovering. Once the adjustment is in place, the copycat season will explode with the Q4 explosion.