As long as I don't short on the short-term chart, it definitely indicates that the bearish downward momentum is not strong, and if the downward momentum is not strong, the expectation for an upward correction is low. When the expectation for an upward correction is low, a small-scale indicator turning strong can easily cause profits from short positions to be given back or reversed. I am not a die-hard bull, nor am I a die-hard bear; as long as I establish whether the recent trend is dominated by bulls or bears, I will focus on that. In April, besides the rebound peak around 79,400 and a brief short position high, I didn't bother opening small short positions because there was no profit. Buying on dips, not to mention making a lot of money, at least the profit margin completely outweighs the short positions.



Currently, within the range of 75,000 to 79,000, opening shorts below 78,800 doesn't have much advantage, and there's no need to short because 78,800 minus 75,000 is only about 3,800 points, and 77,000 below 78,000 is a hurdle. You see, a few days ago, it kept failing to break below 77,000; the night before last, it finally broke down but quickly recovered, and then 75,750 became a support. After rising back above 77,000, a retest around 76,300 also has support. Trying to catch a 3k-point drop in one go is very difficult, and realistically, you can only profit if you short at the highest point and close at the lowest point. I want to ask those who looked bearish to 50,000 when the price dropped a couple of days ago—how did you become so confident? You have to eat your meal one bite at a time; eating too fast can cause choking.
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