Stop loss on all short positions, bulls are too aggressive!
Now we just have to wait for 63,800 to confirm the trend reversal!
I am quite familiar with this scenario. Next, the recent bulls will frantically diss the recent bears, and the suppressed emotions of the bulls will completely explode!
Then there are still many determined bears who continue to insist... like being cyberbullied...
Sorry, I have passed this stage. After standing above 63,800, I will also be crazy bullish, hahaha!
However, before the daily closing confirms that it stands above 63,800, I still maintain a cautious bearish mindset. After all, this rebound is somewhat similar to that in October 2019. It is not ruled out that a scenario will trigger a chain of short liquidation at the moment, causing the price to rise rapidly to 65,500 and then close back below 63,800.
As always, I will try my best to remain objective. The technical conditions for turning bullish are limited to:
1. The daily closing price is effectively above 63,800;
2. The daily closing price completely recovers MA100;
3. The 4h level of ASR-VC turns to a bullish trend.
Before that, we still maintain the idea of long-term oscillation downward until the conditions are met and turn to bullish!
I know that saying this will continue to be insulted by bulls, but it doesn’t matter. You have been under emotional pressure from the long-term decline for more than a month. Now is the time to release it. After so long, it’s time to be cool!
Keep an eye on the KOLs who were previously bearish (including me)
