Recently, this fluctuation has indeed been quite a headache. Initially, I thought there was a high probability that this converging triangle line wouldn't be touched, but yesterday's wave of false bullishness did indeed touch it. Now the price is below the trend line, and first of all, the position at 102500 is very critical. However, it is still possible to continue to dip down to around 101500. The 0.886 reversal and the bullish order block on the 4-hour chart, along with the potential support of that trend line, suggest that reclaiming 103800 is likely to stop the decline. As long as the previous low is not broken, there is still a chance to see a new high. However, if it continues to break the previous low, it may go to the 1.618 position, which is around 95 to 96. If it goes this way, it will be quite difficult to see the previous high.
Let me share my views on the fundamentals. Last week, the conflict between Iran and Israel triggered a surge in crude oil prices, but Iran's oil production accounts for only 3% of the global total. If the Strait of Hormuz is blocked, those major powers will definitely not sit idly by. Trump is the least willing to see oil prices rise, so anxiety about this is certainly justified. When the world is in chaos, does gold price take off? Currently, gold is consolidating at a high level, seemingly not far from a new high, but from my perspective, even if the A-shares can hit 4000 points, I don't think gold can rise much. Both sides are fighting quite vigorously, but Iran has a tendency to back down; they are just looking for a way to de-escalate. Once this farce is over, it will be favorable for the stock market, and that will be a miraculous day.
I still tend to speed up to the peak in the first half of the month and turn down in the second half of the month. Don't pay attention to that broken James; his emotions have made it clear to him.
I don't know if there are friends who have interacted with big A, but next month the A-shares are very likely to reach new highs, and may even return to 4000 points. It's been ten years, and it's time to look forward to it.
The current trend of #BTC first needs to pay attention to whether it can stabilize in the range of 1080-1085. At least from my perspective, it should test around 1113 at least once before the Bitcoin conference ends. If it is strong, it may go above 1140. Then two possible situations may occur: one is to stabilize around 1100-1105 and continue to challenge 120,000, and the other situation is to dip down to around 950.
Waiting for a test of 113 for #BTC ; if the strength is strong, there may be hope for a new high. It is not recommended to open a short position at this time.
$BTC #BTC There is a large amount of turnover here, retail investors cannot afford it. If it cannot effectively break below 106000, then we need to be cautious about going above 113. Short-term high-leverage players should be alert.