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RESOLV this wave of market movement is indeed fierce—rising from 0.06 to above 0.1 in just a few hours, nearly 60% increase, causing shorts to be instantly liquidated, and it looks like the bulls are riding high. But a closer look at the chart reveals some inconsistencies.
This nearly 90-degree surge is fundamentally driven by sentiment. The funds truly controlling the situation don't need to be so aggressive. The profit-taking volume accumulated above the 0.1 mark is enormous, and rushing in now is just an opportunity for the main players to distribute their positions. Even more intriguingly, although the trading volume has exploded, in extreme market conditions, this often signals danger—while retail investors are frantically chasing the rally, smart money is quietly offloading.
Behind the market's irrational surge, there is usually a sharp decline. The current position is no longer suitable for going long; instead, the probability of success with short positions at high levels is quite good. Chasing the rally is like taking a flying knife—reiterating this point cannot be overstated.