If there are any coincidences, they are purely accidental!

Structurally, it looks quite similar.
Looking at the breakdown points, there are also similarities, but in reality, they can't be exactly the same.
Macro reflections after the false breakout:
The 600,000 rebound was in line with market expectations, but it didn't fully reach the ideal rebound level as expected.
Revisiting the analysis, reaching 74K was already beyond expectations.
In the context of war and a downward trend,
Without the temporary positive news from the U.S. government, it might not have rebounded to 74K.
Currently falling back below 68K is normal; even if it drops further, it's understandable.
Why?
Starting with the breakdown points, the similar structure is from June 2022.
At that time, it was the peak of U.S. inflation, but after a downward price movement, it entered a sideways consolidation.
Although last night's non-farm payroll report was not enough to trigger another inflation surge,
the ongoing Iran conflict will definitely increase the short-term risk of inflation.
This kind of risk can easily trigger a decline in a downtrend.
Therefore, for the current market, with U.S. stocks remaining high and cryptocurrencies starting to turn bearish,
if the Iran conflict continues indefinitely,
we should still remain cautiously optimistic!
More extended thoughts, click to follow.
Next live stream sharing!
{future}(BTCUSDT)
{future}(ETHUSDT)