The 72,000 that I have been thinking about has been successfully broken through at night, and the bull market seems not far away.
Li Feng mentioned a few days ago that it was only in these few days that the big cake broke 72,000. Recently, some things happened around me, which resulted in the post not being updated in time. I will tell you later when I have time.
The upward pattern of the current market has been formed, and the market has successfully tested a new high. At present, the US dollar, US stocks and currency circles are all maintained at high levels. The Federal Reserve and the US Department of Labor rely on the data of the past six months to barely support the situation. The reason behind it is not difficult to understand: the US stock market maintains a high level for votes, and the high level of the US dollar is to prevent capital outflows caused by interest rate cuts.
From the technical perspective, after Bitcoin surged last night, the daily line closed with a positive upper shadow near 62,700. The real K line did not stand above 73,000, and the selling pressure near the previous high was severe. In addition, the MA moving average indicator shows that the 7-day and 10-day moving averages are both aligned upwards. However, the market will rise rapidly in the short term, and there will be a process of retracement and consolidation. Pay attention to the support of the moving average below, with a reference of 69500.
Reference suggestions
71800-72100 range, target 73800
