Yesterday, it broke through 71500 in one fell swoop, continued to rise to near 72800, and then fell back. After breaking through the triangle area, it quickly rose. If you didn't lay out in the early stage and didn't watch the market in time, it would be impossible to follow the bulls. In fact, in last week's update, it was mentioned early that the daily chart was narrowing and oscillating. After all, in a bull market, the oscillation after the high pullback needs some time period. The rise at the beginning of the week is good news and also confirms that the market's bullish sentiment is ignited again. Regarding the breakthrough of the triangle consolidation, the bullish sentiment after the breakthrough will continue, and the pullback will become the main theme.

The short-term pullback is only limited to a pullback and does not represent the trend. Therefore, the daily level today must pay attention to the gain or loss of the 5-day moving average and the breakthrough status of the upper rail. If it fails to break through the upper rail and usher in the release of bullish momentum, it is possible to fall into oscillation again. Therefore, the vicinity of 70500 will be an important support during the day, and whether it can stand firm is crucial. The upper rail on the daily chart will be in the 73000-73500 area, which is also a temporary resistance at the daily level and also a suppression level near the previous drop to around 60000.

Pionex's performance is relatively strong. From the perspective of the pattern, point D is near 4000. If interested, you can try to look at Pionex to around 4000. Overall, Pionex's trend is slightly stronger than AICoin, and the two are mutually restraining; their performances are different.

In terms of operation, it is prudent to wait for a pullback around 70500 to try to go long, and try to look at around 73300. If there is a strong breakthrough and standing firm above the upper rail, you can continue to reduce holdings to new highs at 77000, 78000. For short-term short selling, a small short position near 73000, with a stop loss, can test the effectiveness of the resistance. For aggressive and prudent decisions, personal thoughts are for reference only.

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