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Yesterday's pending order at 79,500 was off by a few hundred points and was not placed.
Currently, I am continuing to enter at 78,600.
There is significant resistance at 79,000 above, so entering there is not a big problem.
I have already entered now.
1. The most direct signal: smart money is "selling off"
Trader 24 hours: net sell 6.23M > net buy 4.66M
Whale 24 hours: net sell 4.98M > net buy 3.41M
Explanation: The group with the most information and chips is selling to retail investors chasing the high as the price is pushed up.
2. The "false prosperity" of holdings
Don't be fooled by their total holdings' long-short ratio reaching 842% and 975%, which are historical positions with huge unrealized gains.
Key contradiction: historical positions are bullish, but the latest action is net selling. This indicates they are pulling back while pushing up, locking in profits. The overall long-short ratio will lag behind.
In one sentence: the main players are dumping chips to those chasing the high at high levels. Chasing the high carries greater short-term risk than opportunity. Don't be fooled by the high "unrealized" gains.