In May, the index once again hit 70,000. Is this a sign of a bull market turning around or is the formation of a shoulder for the second time heralding the beginning of a sharp drop?

Big bull market, small bull market. The rapid rise in prices will make a considerable number of people rich. From the rapid rise in the big disease in February 24, it brought a one-sided bull market for nearly 3 months. In just 3 months, the price of Bitcoin rose from around 42,000 to a maximum of 73,800, an increase of 72.7%, and an average monthly increase of nearly 25%, outperforming any traditional financial products. Just like the rare big bull market in 21 years, which could only rise for 6 consecutive months. Now, as the interest rate hike is coming to an end, the 24-year bull market is also coming to an end.

In May, the stock market fell rapidly to 59,000. Many people who tried to buy at the bottom were directly buried. After a very weak rebound at 56,500, many people thought it was just a temporary rebound and bravely joined the short-selling team, but encountered subsequent violent pull-ups. Many people looked at the daily MA or the 3-day boll. The market kept falling back, and the market fluctuated repeatedly. Today it was a big bull, and the next time it was a big bear, which made many people confused and at a loss.

The end of any bull market will not be a one-way decline. There will be a second rebound near the previous high. Sometimes it is at the daily level, and sometimes it is a second rebound of the weekly level. This is not fantasy, it is the law of the market. This experience is the best explanation and concern we give to those who were overwhelmed by the big cake some time ago.