WIF is currently priced at 2.7, and the rebound is quite fierce.
Let me tell you my opinion again, for reference only.
The day before yesterday, it fell below 2.74. We saw that it was an obvious and critical support.
Before the fall, there was a long half-month distribution.
As the saying goes, the longer the horizontal, the higher the vertical. After half a month of distribution, it is unlikely to end with a slight drop. This is the first point.
Second, the main force's goal of pulling the market is to make money. The premise of making money is to have chips in hand. If you want to have chips in hand, you have to force retail investors to sell their chips. However, it has only been two days since it fell below 2.74. If you want to absorb chips, there is not enough time or space.
Combining these two points, plus the performance of the technical side, I think that the rebound from 2.41 to 2.7 is just an upward test of the pressure level, not a reversal, and there should be shocks or declines later.
Personal opinion, not necessarily correct. If the volume stands above 2.74, the above view will be invalidated.
(Shorting in a bull market is easy to get buried, this is not a shorting suggestion)
