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If you look at the market at the end of 2020 and the current market from the perspective of seeking a sword, you will find that the signals that appear in some key positions are similar.

1. The price reached a historical high for the first time and suddenly plummeted 15%.

2. After pulling back, it probed the height twice and was pulled back again.

In 2020, it fluctuated in a range for nearly a month before reaching a breakthrough.

The current market has only lasted for 11 days including the previous shock. From this perspective, if there is a more sufficient shock at the moment, the probability of a successful breakthrough will be higher.

The key thing to pay attention to is the behavior after the price reaches the key position again, whether it will be suppressed quickly as before, or whether it will be a intensive shock breakthrough after reaching the key position.

The former means that the market selling pressure is still large, and the latter means that the short positions in the market have been almost consumed, and the long positions may appear at any time.