$70 is a fig leaf? After a whale lost $4 million, they went ALL IN, while smart money had already fled early!

Opinion: $70 is by no means the bottom; the bearish trend has only just begun.

No bullish support from news. The US and Iran met in Qatar on Tuesday; traffic through the Strait of Hormuz has recovered to 75% of pre-war levels, and Saudi Arabia's Ras Tanura terminal has resumed operations. Supply-side pressure continues to be released, and bearish ammunition is still flying.

The technical picture is a mess. CL is currently at 70.24, with the BOLL middle band at 70.81 acting as resistance, the upper band at 72.48, and the lower band at 69.14. All three RSI lines are below 50, and bulls can't even reach the passing line. The MACD death cross continues with no signs of reversal.

Smart money holds a total position of 126 million USDT, with a nominal long/short ratio of only 21.13%, showing overwhelming bearish dominance. The average entry price for shorts is 71.87, with floating profits of $2.6 million. That whale who lost $4.06 million and then added 2.17 million with 1x leverage — this is not bottom-fishing, this is precisely delivering heads.

Adding to a losing position is the faith of retail investors; when the big players see it, they'll just smile and take your position.
Clear thinking: short near 72, lightly long near 69. If the direction is right, leave the rest to time.

Are you going to count money with smart money, or become fuel for the whale? See you in the comments.

$CL ‌#0成本拿2股SK海力士 #Saylor暗示增持BTC