In the speculative market, successful people must have their unique qualities, while those who fail do not need any reasons, it's just human nature. Masters and novices are just a step away from each other. However, most people spend their whole lives without crossing that step. It's not about intelligence and skills, it's about mentality and insight. If your current operations are not ideal, consider changing your position. Everyone can understand major market trends, but whether they can act correctly is a different matter, it's just human nature. After reaching a certain level, technology is just a tool, while the cultivation of mentality is the direction. Insight and cultivation are far more important than the technology itself. When you are lost in the market, if you are willing, I can remind you from the side, so that you won't stray too far on your investment journey.

Good evening, everyone, I am trader Gege. Following the previous article, the aggressive long entry on the right side of the "big cake" was made when the updated article price was around 67,500, and a follow-up long position was taken near 68,000 and 68,100, and it was sold around 71,300. The recent long positions of the "big cake" have basically been cleared (some content is not visible here, but can be seen elsewhere), and friends who entered the market following the article last night should have gained something.

The "big cake" is currently at a high point around 72,000, which is also the previous resistance zone from March to April. The current market is also being resisted for a retracement. Let's briefly discuss the reasons for yesterday's rise. I believe there have been many articles in the market that have already analyzed this. Simply put, it was the SEC's 180-degree turn in attitude towards the "aunt ETF" that caused the "big cake" to rise again above 70,000.

The weekly big candlestick is the biggest in the past 2-3 years. Let's speculate a bit, can we suspect that the SEC's initial attitude towards the "aunt ETF" was intentional? It's not impossible, after all, the financial market is full of lies and manipulation. Perhaps they wanted to make retail investors give up their low chips so that the main players could better push up the market. Regardless, it's still a great piece of news for those who hold long positions, welcoming the dawn, and increasing the net value of their accounts.

The SEC will review the "aunt ETF" on May 23, 24, and 30. These are the applications from several institutions in May, with the closest to realization, followed by July 5, August 3, and August 7. In any case, even if the May review is not approved, there are still expectations for approval later, so speculation still exists, and so does the positive news. Whether the "aunt" can lead the market similar to the "big cake" after the ETF is approved, we still have to wait and see. There is a great expectation in the market for the "aunt" to lead an independent market rally once it is all approved, and it is normal for the "aunt" to lead an independent market rally to create a new historical high. Let's keep an eye on it, because there is still a long time to go, and we cannot predict what will happen in the meantime.

Returning to the market of the "big cake," it just retraced from the high point of around 71,500 to around 69,700, a retracement of about $1,700, while the "aunt" has been oscillating around 3,800, indicating that there is incremental capital inside and outside the market in the "aunt." From the candlestick chart, the 72,000-73,000 range is an important resistance zone for the left side's previous high. The risk of retracement and adjustment still exists in this range. Although it has retraced to this range several times, if it does not directly rise and break through this time, then if it retests the high after the adjustment, the probability of breaking through will increase. Therefore, we need to wait for the market, which is also the reason for clearing the long positions internally.

There is a probability of a double top on the weekly level, whether it is a standard double top or breaking the left high and then forming a double top, there is a probability. But as the saying goes, we should try to dig the channel as little as possible ahead of the market, and try to follow the existing channel of the market. For short-term operations, pay attention to entering long positions around 68,800-67,800 support. If an unexpected breakthrough occurs in this range, then refer to the 67,000-66,300 range for entry. More real-time advice is sent internally. Today's update ends here, see you next time. For more real-time advice on the "big cake" and "aunt," find Gege. Suggestions are for reference only, manage risk when entering the market, and manage profit and stop-loss spaces on your own. Specific strategies should be consulted based on the current market conditions.

If the market makes you angry, it means you don't have the confidence to win against it. If you want to win, you must not be afraid of losing. Not being afraid of losing doesn't necessarily mean you will win, but being afraid of losing will definitely result in a loss. Many times, a person's decadence is the loss of confidence. If you think you can't do it, you won't be able to, but if you think you can, you might be able to! Don't be afraid of a thousand obstacles, only fear surrendering. The market is not scary, what's scary is denying yourself.

By/Trader Gege, a friend willing to help you rise again in the east.

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