Hello everyone, welcome to this issue of market analysis and interpretation. Today we will bring you an analysis of market trends and an interpretation of a recent major event. Let's look at the market trend first. In yesterday's trend, the main force chose the relatively moderate route of the two paths of the bulls mentioned in our previous article. We noticed that yesterday's pattern was almost exactly the same as the one we described in the article. This is encouraging. Tomorrow morning, the 5-day line will close. We can wait for the 5-day line to close and then observe the performance of the pattern in order to make subsequent judgments. If the closing performance is good, the weekly line is expected to show a parallel line trend.

Next, let's look at the interpretation of a major event. Recently, the United States has expressed different opinions on the jurisdiction of the U.S. Securities and Exchange Commission (SEC), and plans to hold a hearing to discuss it. If this news is true, it means that the United States is not just targeting certain requirements of neighboring countries, which will make the severity and impact of this incident exceed our initial expectations. The possibility of market fluctuations is also greater. However, for such a level of game, we as ordinary investors cannot accurately analyze all the reasons and subsequent effects, so we just need to wait and see, and there is no need to spend too much energy.

The two-day line has closed. Let’s take a look at the two-day line first. The memory awakening that we often mentioned appears on the two-day line again, but this time the memory awakening will most likely not take the opposite path, but the same path. I have explained it in my previous article. Students who have ideas can go and take a look. At present, this pattern is still worth looking forward to. As for whether it is long first and then short or short first and then long, it doesn’t matter.

The next three-day line will close together with the weekly line, which is similar to the two-day line. You can also play a similar mirroring game. I will not explain too much here. If the three-day line moves as expected, then the weekly line will most likely be a parallel line. If the weekly line can close at the lowest parallel, the entire follow-up will be much better, and there will be the confidence and foundation for further upward movement in the second half of June.

Let's take a look at the daily line. It is more reasonable if the daily line is approximately as shown in the figure below, returning to the lower limit of the oscillation since March at about 26,500. This means that the current downtrend has come to an end and returned to oscillation, and there is a possibility of turning into an upward trend in the future.

In general, yesterday's line basically shows that the market has no major problems, but it is a bit slow. If there are no unexpected events, the market is mostly positive. If there are unexpected events, that is another matter. After all, unexpected events are not something that can be solved by technical analysis. Be more patient.

In terms of operation, the previous operation strategy is still applicable, but the first half of the operation strategy may have been triggered by the stop loss. Now we enter the second half of the strategy operation time. It should be noted that the rationality of the strategy does not mean certain success. If you can accept a certain risk, you can refer to these strategies for operation. But if you are conservative about risk, it is more prudent to wait and see in this eventful time. We will continue to observe the market dynamics and stay calm. (Attached to the previous strategy: In summary, overall, the market does not have too many problems, but in the ink stage, we need to be more patient. In terms of operation, the current volatility is not large, which is consistent with yesterday's operation strategy. For Bitcoin, you can still use the low point of the parallel line as a stop loss and go long; for Ethereum, you can use $1,712 as a stop loss. These operations have a certain rationality in the short term, but the safety is still uncertain. If the stop loss is triggered, then for Bitcoin, you can consider operating in the range of $24,300-24,900; for Ethereum, you can operate in the range of $1,620-1,670, and the reasonable stop loss levels are $23,600 and $1,610.) #合约锦标赛 #BRC20 #pepe #BinanceTournament #feedfeverchallenge