When is the bottoming?
Wait for the value to return to the moving average, focus on three lines: 62 EMA, 79 EMA, 200 MA
Use EMA for short to medium term, use MA for long term, the 200-day moving average is the stabilizing anchor
62 is extremely close to the golden ratio 0.618 scaled by a hundred times, which in nature and financial markets often represents the extreme balance point of a pullback, 79 represents the Fibonacci deep retracement level: 0.786
The 62 and 79 lines form a tunnel
When the price is above the tunnel, it indicates the market is in a super bullish sentiment; when the price pulls back to the tunnel, it’s a short-term speculator exiting, medium-term value investors entering!