For this spike, we cannot blindly assume it is suppressed by the pressure plate, with no hope of breaking through! At this time, we need to use the comprehensive judgment method! Mastering three questions will clarify the situation!

1. Is the highest price of this spike at a Bollinger band line of a certain hourly level? If so, check whether the chips are concentrated in this area;

2. How many times has this spike occurred on that day? If it is the second time and has a particularly long release, pay special attention; the higher the level, the more dangerous it becomes! The longer it is, the more dangerous it is! Note that this position refers to a long upper shadow! Not to forms like a propeller or a golden hoop stick, other forms I will explain when encountered in the future;

3. Are there any sudden negative news and the impact of U.S. stock market fluctuations? If so, we need to assess the level of the negative news, which is generally divided into green events, yellow events, and red events, with the impact on trends gradually deepening. The influence brought by the U.S. stock market is indirect; you can understand that the crypto market occasionally mimics the U.S. stock market. However, note that sometimes it may appear not to correlate with the U.S. stock market, but the results are consistent with it. This is due to the impact of the U.S. stock market gapping at the open!

Considering these three factors, this spike should reduce positions, not liquidate entirely, and continue to add positions at lower levels to go long!