what is crypto market snippets

Obviously, I met the pressure from the top of the sideways.Once it breaks through, it means that the GEM index has broken the sideways trend and liberated most of the chips in the market. Therefore, during the intraday trading today, the GEM index only went up and down after approaching this line.

Earlier, the author said that this week, the three A-share indexes must touch the top of the sideways. I didn't expect to touch it today, and the GEM is the most obvious. However, the problem has also come. In early trading, the GEM once surged more than 4%, but when it was close to the sideways high point, it seemed that there was some lack of stamina.Moreover, the securities sector and the real estate sector were the first to start. At the opening, the index of the securities sector had already risen by 5%, while the real estate sector was also a wave of high-opening prices, which also rose by 5% at once. These two sectors directly drove the market atmosphere.In fact, the author has repeatedly stressed that it is difficult to break through the 900 line in a short period of time. If it is broken, it will definitely form a deviation, or a multi-level deviation. Then, the breakthrough is of little significance.

In fact, this is normal. After all, stabilizing the stock market was mentioned for the first time at such a high-level meeting. Not only that, the monetary policy has been stable for more than a decade, and suddenly it has become a moderately loose monetary policy, which has a great impact on the market.Of course, at the opening stage, the market competition is basically the most intense.What does this line mean?