Before almost every bull market begins, the market's pessimism and despair about "whether there is a bull market" will reach a local extreme value, and the leveraged positions of the shorts will accumulate to a maximum value!
When both the psychological and physical empty spaces in the market reach the local maximum, the market will suddenly explode the short leveraged positions in a lightning-fast manner, and climb to the top of the bull market on the bloody sea of the shorts.
For example, the "94 Incident" in 2017 frightened the market to the extreme, and then quickly exploded the shorts, rushing straight to 19,800 at the end of the year. For example, at the end of 2020, people who had just gone through the extremely painful "312" circuit breaker deleveraging, no one dared to think that there would be a bull market. As a result, it broke through 50,000 dollars on the fifth day after the Spring Festival in 2021, and many shorts were buried. #Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛 $BTC