After 12 days, let’s take a look at the pie market.
The trend in the past 12 days is basically exactly what I expected before. It fluctuated sideways, neither up nor down, and neither long nor short was very comfortable.
At the current position of 3.7w and 3.8w, most people are unwilling to buy, and it is quite difficult to reach new highs. From a morphological point of view, in Figure 2, the pie has constructed an ascending triangle during this period, but the ascending triangle is not necessarily a relay form, it can also be a top form; in addition, there is a hidden danger that the ascending triangle should not take too long. The recent pie has obviously been too slow.
So in the short term, I think it will continue to fluctuate in such a wide + narrow range for a few days, and then I tend to make a false breakthrough upward and then start to fall. The strong support below is currently around 35,500.
40,000 is a strong pressure, and I think the probability of standing firm this year is low.
