Everyone knows that Lu Yao has been bullish all along, from 90,000 to nearly 120,000 now. Last night, I intended to take a short position, but I kept advising students to hold at 107,500, and the take-profit order given at the current price was inevitable. 30,000 oil is not that simple?

In today’s morning session, the market directly broke below last night’s low point. Although there was a rebound last night, the strength was clearly insufficient. From the performance of each rebound, the buying power in the market is relatively limited.

This weak rebound may indicate that the current market lacks bullish momentum. Even if some funds attempt to push prices up, the willingness of trend-following investors to participate is relatively weak. In this situation, it is difficult for funds to continue to push stock prices upward effectively, and they are instead facing significant selling pressure. Therefore, some funds may choose to adjust their strategies downward, increasing selling intensity, which leads to a continuation of the weak market pattern.

The market showed small fluctuations over the weekend, those looking to make big trades can rest, while those skilled in sideways trading can try with light positions, but don’t fall in love with the battle, and take profits in time.

Bitcoin: Buy in the range of 1,062,000-1,068,000, with the target looking towards 109,000 first, and a long-term view of 130,000.