7.4 at 5:30 AM


Analysis:
The market has formed an hour-level upward trend. It is now clear that a daily-level rebound is underway, having lasted 8 days. Based on the time cycle, it will likely continue for another 4 to 6 days, either rising or consolidating, with almost zero probability of a direct drop. How comfortable shorting was earlier, how painful it is now. This is a classic short squeeze scenario. Shorting must be done with a stop-loss, otherwise you might get caught mid-way. (Chasing longs is the most dangerous; I personally do not recommend it.)
Personal opinion: I am bearish. I will continue to attempt top-fishing, and I will not take any long positions. I believe this is only a rebound, and I see no reversal. Sustained straight-line rallies are usually impossible to maintain for long. As I always say: What goes up must come down! @Gate_Square
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AntKing
· 3h ago
Just go for it 👊
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