why there are so many cryptocurrencies, Knowledge

First, in terms of time relationship, tomorrow will be the 13th trading day from the low point to the high point (assuming the high point occurs in the intraday trading tomorrow). 13 is a typical Fibonacci dial number. On the 13th day, it is easy to produce the inflection point. Moreover, we can find that the last downtrend band took 14 trading days to reach the low point. According to the symmetry theory, the current uptrend band will probably take 13~14 trading days to reach the top of the stage.Second, the market will encounter an obvious pressure point tomorrow. Please look at the chart below, the daily chart of the Shanghai Composite Index. In the picture, I use three color lines to mark the short-term pressure lines respectively.

First of all, I have to say that the market has really taught me a lot these two days. News comes one after another, and good news keeps appearing. I once lost confidence in technology today. And as we all know, these two days are the time for heavy meetings, and the frequent news makes the short-term technical analysis almost ineffective.Of course, I have to say that in the last two trading days, my prediction has been severely hit in the face by the market. And the market has been very strong recently. From a technical point of view, when there is a great probability of falling, the market abruptly pulls two positive lines. So my point of view is not necessarily correct. It only represents my personal shallow thinking about the market. Does not represent any investment advice.

Statement of the work: Personal opinion, for reference only.Back to the topic, why do you judge this? Three specific reasons:Back to the topic, why do you judge this? Three specific reasons: