digital currency traders Top Knowledge

So after the breakthrough, because there is no pressure on it, the running speed will be gradually accelerated, and the upside space will be completely opened. At that time, the market funds will be very crazy, and once you make a breakthrough, you will not easily return to below 3700 points. Therefore, before the breakthrough, it is very necessary to further consolidate the bottom. Looking at the short-term technical trend, after more than two weeks of rebound, the index shows a certain degree of overbought phenomenon, and the space is relatively limited if this position goes up.

This position, will it be higher?

Market, will it be the highest point in this position? Not really. In terms of large range oscillation characteristics, the maximum space of the upper high point should be around 3550. Behind the market should continue to consolidate in this position, and consolidate this rising relay. Only when it is consolidated can it rise better and more steadily. For 3700 points in early October, it's not just this time. If you go further, you will find that throughout 2021, the Shanghai Stock Exchange oscillated at 3500-3700. Breaking through 3700 is equivalent to directly breaking through all the pressures after August 2015, and then only 6124 and 5178 are left.