The secondary wife rose 16% in one night, directly breaking the high point of 4868 from December 21, setting a new record. Such a crazy increase is rarely seen within a year, let alone an overnight rise of 16%.

From the perspective of the market, there is almost no pressure from the position between 4200 and 4800, which is directly pushing upwards. After reaching 4800, the pressure gradually increases. The selling pressure at the new high of 4880 is very significant, and a long upper shadow doji was formed on the 4-hour chart. Most holders at the bottom completed their position changes above 4800, and the market cannot handle this selling pressure, leading to a downward adjustment.

The current adjustment can be considered healthy, and the market is not as FOMO as imagined. There are quite a few people who missed this rise. One should observe the support situation between 4620 and 4570 and choose to do so.