Continued from previous article
The current platform bottom has been rising. Retail investors are willing to take over. When the callback is in place, it can be pulled up.
There are two expected callback positions
First, the middle track of the Bollinger Band. Because there are many retail investors taking orders, there is no need to continue to go down.
The second is 60000 - 63000. This is the position that the three callbacks in this round should have been. However, due to the large number of buyers, the second time it did not fall here, but the bottom rose instead.
The biggest news right now is the halving. My guess is that if there is no large-scale pull-up before the halving, the chances of a second callback are high.
The probability of falling back to 52,000 should be very small because it is meaningless, which means that this month's work is in vain... Unless a big investor crashes the market like the big red K on August 17, 2023, but now it is a bull market. Even so, the dealer should ensure that the K line closes at 57,000.
Besides, it is unnecessary for big investors to crash the market in this bull market. 😅 In general, the probability of falling below 60,000 should be very small.
