When the market for the big pie begins to get out of control, and by the way, you have to believe that everyone is the same, and they are all bearing the shrinkage of assets brought by the big pie. The only difference may be that they will pay attention to the current trend in a timely manner. reasons, and then judge the possible short- and medium-term impacts, and then draw conclusions to encourage everyone and replenish their faith.
Has the market fallen?
From the high point of 73,000 to the lowest of 61,000, a 15% retracement has occurred. It can be regarded as the second decent retracement since this round of rising prices. The first time was on March 5, when the price fell back close to 15% in one day.
First of all, I personally feel that it has not fallen to the level yet. The logic of not falling to the level is that the strongest support range of the market is around 58,000. However, the worst-case scenario is: if it falls below 60,000, this strongest support range will most likely be used by the main force to deceive people into buying the bottom. To put it bluntly, it only fluctuates between 60,000 and 58,000. After people buy the bottom and get on the bus, it will plummet directly and fall below 55,000. The public's bottom line of defense of 53,000 will even be upgraded to let it cut off the flesh and then rebound at the bottom.
On the contrary, if you don’t choose to go through a market trend of 30% correction, more than 30% bullish turnaround, and more than 30% major washout. Then, the high probability is that 58,000-60,000 is the stage bottom of this wave of market.