$SIREN Update on SIREN market, current price is 0.03914, having broken below the previous low of 0.03969, marking a new low in the refresh phase, the bearish trend is now fully confirmed.

CoinGlass data: Total holdings continue to shrink, the long-short ratio is 0.6 with bearish funds dominating, funding rate remains positive, longs pay interest every hour; throughout the decline, only long positions have been repeatedly liquidated, the main force's long-term hedge against shorts shows no signs of closing positions.
The chip heat map shows massive accumulation of trapped positions between 0.040-0.0415, with heavy selling pressure above, in the short term only 1%-2% oversold minor recovery, the first resistance for a rebound is 0.03969, which cannot be broken through with low volume, and the rebound can last up to 6 hours.
Core risk: The market maker's spot chips have not been cleared, each small rebound is a selling window, after oscillation and grinding, there is a high probability of a second test of the 0.038 extreme support, and if it breaks below, new lows will continue.
The operation is only suitable for very short-term quick in and out trading, strictly prohibited from heavy long-term holding, as the bearish large structure + continuous fee deduction exert double pressure, currently no trend reversal signals.