cryptocurrency vs traditional currency, Overview

It is not surprising to me that the market has gone out of this trend today. This is also the adjustment that has been expected. There are two main reasons for today's market adjustment:First of all, I might as well draw a long-term framework for the market here. Please look at the picture below.Afternoon comment: There are two reasons why A shares fell across the board in early trading. What should we do next? Where is the support point?

Second, the smashing of funds in the north. From August 18th this year, the intraday specific transaction data of northbound funds will be lost! However, we can still see the histogram of the capital flow of the constituent stocks of the land stock connect. Please look at the picture below. As we can see from the figure below, a lot of money flowed out of the northbound capital this morning. Therefore, we see that the weight of some large-scale markets has fallen sharply today, such as the liquor sector. This is something that can't be helped. Because institutional funds like Northbound Capital rarely buy those small-cap stocks that lose money.Praise is the greatest support for my pure technical school.First of all, I might as well draw a long-term framework for the market here. Please look at the picture below.

As you can see from the above picture, I think the market may need to build a small bottom with a raised bottom next. Then before the new year, our A shares are expected to break through 3500 points. Where is the expected support point of the market next? The support point is near 3378 points. It is just a little bit below, which is less than 1% of the closing price at noon today.