The high level after the band rally at the beginning of the year has been maintained for more than 44 trading days. During this period, the weight of long and short expectations has also changed with several institutional changes.

The recent local trend and its significance to the overall high are shown in the figure below:

The local highs have accumulated momentum and have experienced two important structural breaks since the middle of this month:

[Break 1]: The initial [ascending triangle accumulation] broke, making the expectation of short-term breakthrough and opening up new upward space come to nothing.

[Breakthrough 2]: The high-level accumulation range (23300-25205) defined since the middle of this month was broken due to the bottom support.

After two breakouts, the price has gradually returned above the [high overall balance reference line], which is the bull-bear watershed of the 44-day high.

At the same time, the two important structural breakdowns mentioned above also give us reason to believe that the price may be brewing a large-scale downward trend that can rival the [opening year wave rally].

This is an important expectation. The relevant identification signals are as follows:

First of all, the sign that this expectation does not exist is that the current rebound can be maintained within the defined range (23300-25205) and even break through the range resistance.

Secondly, if the short-term price breaks through the 22,860 line, breaking through the above range will also include an advance signal for aggressive participation in a large bearish expectation.

Finally, if the [high-level overall balance reference line] breaks, it will be a Barbie Q, which will be regarded as a signal to finally participate in the bearish expectations.

Of course, this is not just a short-term thing. In the medium term, this will guide us to avoid making trend direction mistakes in the long term. Please read it carefully, it is definitely worth it.

Let’s look at the operation again:

Long direction: low long to anticipate rebound, long chips in the range of 23300-22880, unified risk control to 23300 line, to ensure unbeaten or sure win. At the same time, if the price touches 24000 line, the risk control will be adjusted to 23719 line.

Bearish direction: refer to the above strategy. If 22860 breaks, you can aggressively participate in the bearish layout with big expectations.

Range operation direction: Strategy package [long spot or long low leverage: 22250 to 28000, geometric ratio, quantity 46], currently has achieved a fixed income of more than 17.7%, with partial retracement and shock, and the current total profit is about 12.3%.

Good night.