Do not hide the joy and sorrow of the game, do not omit the joy of trading. At that moment, we were all very serious and still believed in the moment of indulgent laughter after the game. What about many years later? Can we still pick up the original intention? When we first came, it was for making money, but now it's to break even. Investment is not a movie, there is not much so-called passion. Waiting for a perfect market is unrealistic. This is not to ask you to settle down and stop thinking, but to face every day and every fluctuation with a down-to-earth attitude.

Hello everyone, I am trader Gege. The Lunar New Year, the article has been on hold for a while, tomorrow is Monday, let's update the market briefly.

First, let's look at the weekly chart. After the big cake touched the 38500 level and rebounded, it had a strong rise without much retracement. The weekly chart has formed 4 consecutive positive candles, and after being resisted at the 53000 level, it has undergone a small retracement adjustment. This trend has shown an unexpectedly strong upward momentum, and there has been no decent retracement along the way. If the weekly candle closes with a high position doji, it probably indicates that the market will likely have a turning point.

There is no forever upward trend, nor forever downward trend. Even in a strong upward trend, there is a need for retracement and accumulation. The daily chart has been oscillating at high levels, with the MACD volume shrinking and turning slightly green with a slight increase in volume. It's somewhat similar to the market situation at the end of October last year, but at that time it was in the early stage of an upward trend. Currently, it has reached the 53000 level and has been struggling to break through and stabilize at 53000. The overall trend is quite confusing. The halving is not far away, perhaps our generation of retail investors are more rational about the market, and the main players have not achieved the desired effect, so there has been this period of non-retracement rise. When it rises to a level where you feel the bull market is coming, even if you are trapped, you don't want to miss out, and you chase after it regardless, then there will be a sell-off and washout.

The closing of the weekly candle this week is quite crucial. If it closes with a doji, the probability of a turning point will be high. Personally, I am optimistic about a retracement and adjustment in the overall market next week, because there is a technical need for retracement. Next week, the focus will be on the breakthrough situation at the 53000 level. If it can break through and stabilize at 53000, then this upward trend is expected to continue for some time, with the key resistance level above at 57700. If it cannot break through, the support levels below to watch are at 50500, 49600, and 48600. For those who want to trade, you can refer to the prices given above, and the market next week is expected to break the current oscillation range. Today's update ends here, there are no trend suggestions or short-term suggestions, we will see you next time. For more real-time advice on the big cake, find Gege. Suggestions are for reference only, manage risk when entering the market, and determine profit and stop-loss levels on your own. Specific strategies should be consulted based on real-time market conditions.

In this market, it has verified human nature and witnessed human nature. The author's words are not fancy, but they are sincere. Remember, a profitable investor is on a journey, not just a destination. Try to trade better every day and find joy in your own progress. Focus on learning technical analysis skills, improve your trading skills, rather than just focusing on your own trading wins and losses. At the same time, investors who are losing should maintain a good attitude and bravely face the market. Choice is greater than effort, and choice is more important than effort! Today's choice may be tomorrow's turning point!

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