Date: November 9, 2024

Waiting for final confirmation as the pump breaks through the trend, pay attention to the possibility of short-term market pullback.

Daily candlestick level: After yesterday's daily candlestick price hit a new historical high, the closing price was below the upper shadow of the previous day. If the rise trend remains unchanged, only one candlestick with a closing price hitting a new high is needed to confirm the pump breakthrough of the "1+3" model. Therefore, pay attention to the closing situation of today's candlestick tomorrow morning. ETF is closed on weekends, and market liquidity is poor, so there may still be a demand for short-term adjustments in prices.

4-hour chart: Looking at the 4-hour chart, the Trading Volume tends to shrink accordingly. In terms of Candlestick patterns, a rising wedge appears near the upper edge of the rising channel, and the price may subsequently break down, adjusting to run near the midline of the rising channel. The support level is near the Fibonacci 0.382 level (around 72600).