On Saturday, a sudden two-level reversal in the early morning caught the short-sellers off guard as the big players turned their guns. This sneaky move was indeed frustrating; it seems that a double kill of both bulls and bears is the capital's goal. In just two days, there was a fluctuation of 20,000 points, and with over 3 times leverage, no one could withstand it. Spot traders might also have to shake a bit!
Watching the upward movement of the candlestick chart, the most uncomfortable ones are still the retail investors. Two days ago, they were smashing the market to wash out the longs, and today, after probing the bottom, there was a violent rise to wash out the shorts. It's a clear washout strategy; 400,000 people across the internet faced liquidation in 24 hours, all leaving behind bloody chips. Everyone must ensure proper risk control.
Congratulations to the brothers who got in at the bottom; this turnaround has resulted in substantial gains. Currently, the bulls are very strong, and another surge is expected. With the weekend approaching again, after the rebound, there shouldn't be too much unilateral movement. The current pace has yet to peak; in the short term, one can lightly go long. Bitcoin and Ethereum targets are 100,000 and 3,600, respectively.