# Translation

It is estimated that the counter-rally pullback will develop into two patterns. The first is that we are currently in a head-and-shoulders top formation. The left shoulder has completed two segments, and the right shoulder has completed the first segment so far. If there is another counter-rally pullback at the smaller timeframe level, it will also be two segments. In that case, the high point would be at the 75k resistance level where the right shoulder peaks, forming a composite head-and-shoulders top pattern.

The second pattern is relatively stronger, where the counter-rally high tests near the new highs and then forms either a double top or an M-top structure before declining. From the current perspective, there is a counter-rally pullback requirement at the smaller timeframe level. The current counter-rally pullback is essentially low volume, so it can basically be confirmed that we have already topped out and are forming a bull trap pattern. For now, continue to watch the secondary high point at the 7.5-7.55 zone for short entries.