The short position of PNUT remains unchanged
Because of the high popularity of this currency, bulls basically cannot give up. Even if they know that Bitcoin is going to pull back, why are bulls still entering the market? Because PNUT is at the bottom of the market, if you don't want to hold a short position, you'd better wait and see, and don't chase long positions.
Chasing long positions now is equivalent to picking the top, because Bitcoin is around 97,000. If the copycat wants to make up for the rise, it would have already made up for the rise, so that retail investors will not hold short-term bottom positions when the market sentiment is so good.
The above content belongs to the views of Golden Turtle Hot Money and is for reference only.
