Recently, I was reviewing the long-term trend of Bitcoin and would like to talk to you about the two observation tools I use - peak line and star line. This time it stretched the time very long, looking all the way from 2018 to 2028, trying to find out which price nodes are really critical.

Why have you been turning the market forward for so long? To put it bluntly, the secret of the price is hidden in the historical K-line. If you look closely, you can find three interesting points: which prices have been repeatedly tested, which positions have abnormal star line patterns, and historical key prices and possible resonance points in the future. These leads tend to end up pointing in the same direction.

I have always felt that the market itself is the best source of information. Most of the time the disturbing news outside is noise. Important prices that have appeared in history are likely to play a role again in the future - this is the memory of the market.

The law of the financial market is actually quite simple: when retail investors panic and cut meat, the main force is foodie, and when retail investors chase high and take over, the main force is shipping. The cycle never changed. When it comes to investing, it is enough to follow the most simple common sense in many cases, don't be fooled by all kinds of fancy statements, and don't blindly believe in the so-called "authoritative predictions".

Take the bull market in 2021 as an example, if you look at the structure of wave 123, it is very clear. After the first wave rushed to the high, it was obvious that a large number of chips were shipping, and then began to fall. Do you all remember the plunge in March 2020? The market panic reached its peak, and that position formed the bottom of the second wave.

Interestingly, the volume in that bottom area far exceeded the top – what does this mean? The strength of the main force at the bottom is even more ferocious than when the top is shipped. When the volume at the bottom can surpass the top, there will basically be drama in the subsequent market. From the low of $3,156, the subsequent trend does verify this judgment.

The essence of technical analysis is to restore the operating logic of the main force through the clues left by the disk. Price, trading volume, time period, these three dimensions of cross-verification, often can see some details that ordinary people do not notice.