Thanksgiving Day, a traditional Western holiday, is a holiday created by the American people and a holiday for American families to gather together. Initially, Thanksgiving Day had no fixed date and was decided temporarily by the states of the United States. It was not until 1863, after the independence of the United States, that President Lincoln declared Thanksgiving Day a national holiday. In 1941, the U.S. Congress officially designated the fourth Thursday of November each year as "Thanksgiving Day". The Thanksgiving holiday generally lasts from Thursday to Sunday. In 1879, the Canadian Parliament declared November 6th as Thanksgiving Day and a national holiday. In the following years, the date of Thanksgiving Day changed many times until January 31, 1957, when the Canadian Parliament declared the second Monday of October each year as Thanksgiving Day. In addition to the United States and Canada, there are also countries such as Egypt and Greece in the world that have their own unique Thanksgiving Day, but European countries such as Britain and France are isolated from Thanksgiving Day.

Today is Thanksgiving Day, and the foreign market is celebrating the holiday, so it is natural that liquidity is poor. Looking at today's market, many people say "Why did it rise and then fall back?"

I think there are 2 reasons.

First, the push from this morning to noon has already ambushed the trend in the K-line at 5 a.m., and the short-term rush is bound to be accompanied by a decline. Whether it is a sharp drop or a slow decline, the rise needs K-line support. What is this bullish support? In the final analysis, it is that the long orders at the game point need to withstand the short-selling pressure at the game point. The game of longs and shorts, from the short-term game of 1, 3, 5, and 15 minutes, slowly affects 30 minutes, 1 hour, 2 hours, until 4 hours and until the daily line. If the support is in place, then the short order will become the fuel for the long order. Therefore, I have always said that short-term shorting must be accompanied by a stop loss, and the profit depends on the trend. Is it to stop profit at the profit ratio according to your rhythm or the most popular retracement stop profit?

Second, today is a holiday, and large foreign capital institutions need to take a holiday, and ordinary people need to celebrate the holiday. At present, the market is pushed up, and then the institutions directly raise the pressure position to explode the original short order pressure. Even if there is a sharp decline in the breaking news during the holiday, the new entry bottom-hunting funds or the pressure in the original market may consider turning to the reverse hand and turning it into support.

So this is the case with today’s sideways trading. Institutions are not afraid, and as long as you manage your positions well, you should not be afraid either!

I wish you all a profitable future! Thank you!#ETHFI$ETHFI