cryptocurrency vs traditional currency- Top Overview

However, it seems that this upward momentum has not been sustained and effectively supported. In the process of early trading, although the volume of transactions has been enlarged to a certain extent, it has not reached the order of magnitude enough to support the continuous upward breakthrough of the market. It's like when a car is climbing a hill, although the engine is roaring, the power output is not enough to make it climb to the top smoothly. From a technical point of view, the current market index faces the suppression of multiple moving averages above, such as the 60-day moving average and the 120-day moving average, which are like checkpoints and form strong resistance when the index goes up. When the stock price is close to these moving average positions, it often leads to a lot of selling. Just like a solid line of defense when marching and fighting, it is difficult for an attacker to break through without enough troops and strategies.Wednesday afternoon comment: no need to wait, the disk is very clear, and it will definitely rise and fall back in the afternoon!Wednesday afternoon comment: no need to wait, the disk is very clear, and it will definitely rise and fall back in the afternoon!

From the perspective of plate rotation, although the new energy plate showed some performance in early trading, the follow-up efforts of other plates were insufficient. The stock market is like a big family, and all sectors, like family members, need to cooperate with each other and develop synergistically in order to make the whole family prosperous. When the new energy sector is in the forefront, without the strong support of other important sectors such as finance and consumption, it is difficult for this "battle" to achieve a comprehensive victory. As the mainstay of the market, the financial sector performed relatively poorly in early trading, and the stock prices of banking stocks and insurance stocks fluctuated slightly, failing to provide sufficient financial support and confidence support for the rise of the broader market. The same is true for the consumer sector. As the recent growth of consumption data has not reached market expectations, the growth rate of some leading consumer enterprises has slowed down, resulting in the overall trend of the consumer sector being weak and unable to form an effective linkage effect with the new energy sector.Looking at market sentiment, investors are more cautious. The uncertainty of the recent global economic situation and the influence of geopolitical factors have made many investors feel like frightened birds, and dare not easily hold heavy positions or long-term shares. In the process of rising in early trading, many investors chose to reduce their holdings on rallies and put their bags in safety. This cautious mood gradually spread in the market, just like a cold wind blowing, weakening the offensive enthusiasm of many parties. For example, some high-tech stocks in the early stage suffered the announcement of major shareholders' reduction when they surged in early trading, which undoubtedly dealt a heavy blow to the rise of stock prices and made other investors worry about the stability of the market.

In short, the stock market trend on Wednesday afternoon is full of variables, but it is more likely to fall back. Investors need to pay close attention to the changes in the disk, flexibly respond to market fluctuations according to their own investment strategies and risk tolerance, and find their own investment ways in this ever-changing stock market stage.However, it seems that this upward momentum has not been sustained and effectively supported. In the process of early trading, although the volume of transactions has been enlarged to a certain extent, it has not reached the order of magnitude enough to support the continuous upward breakthrough of the market. It's like when a car is climbing a hill, although the engine is roaring, the power output is not enough to make it climb to the top smoothly. From a technical point of view, the current market index faces the suppression of multiple moving averages above, such as the 60-day moving average and the 120-day moving average, which are like checkpoints and form strong resistance when the index goes up. When the stock price is close to these moving average positions, it often leads to a lot of selling. Just like a solid line of defense when marching and fighting, it is difficult for an attacker to break through without enough troops and strategies.