The intensity of long and short liquidations is 1:3, it's obvious that the gains are high. With the Federal Reserve likely announcing a rate cut tomorrow morning, how can there be so many short positions? Could it be that 👀
$USUAL will open in one hour. To be honest, I am a little nervous. After all, the whole market is falling today. It may be affected by the interest rate adjustment of the Federal Reserve, which may not be as expected (referring to no interest rate cut). But I personally infer that it can still rise for two reasons:
1. The market may be a trap for short selling + killing leverage: the interest rate may really be cut tonight, but in order to get lower-priced chips + sweep away short leverage, it will fall first and then rise. For $USUAL , there is a possibility of following the rise.
2. There is really no interest rate cut: Although it seems that no interest rate cut has a great impact on the currency price, don’t forget that $USUAL is engaged in US bonds, so it is possible to stabilize or even rise.
But this is my personal opinion. If you have different opinions, please communicate in the comment area and make progress together👊🏻