After hitting a new low, there’s often a rebound that liquidates high-leverage short positions and clears the short liquidity above 63,000. This should be a high-probability event. Of course, after the rebound, it will still move back to around 50,000. In a bear market, the main theme is “luring longs then dragging the market down,” i.e., baiting bullish positions and then pulling back.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments