In the range of 108400 to 110000, many people are shorting.
The main players have two scenarios ahead.
The first scenario is a violent surge strategy.
If the main capital is strong and the willingness to go long is resolute, it is entirely possible to directly break through the 110,000 mark with a capital advantage, forcing short sellers to exit due to hitting stop losses or liquidation.
However, such a sharp rally usually requires favorable fundamentals to accompany it; otherwise, in the absence of fundamental support, forcibly driving up prices can easily lead to selling pressure from profit-taking at high levels.
The second scenario is back-and-forth fluctuations. If there are no new positive factors, the main players will just linger in this range.
This way, short sellers cannot make money, and long buyers also lack patience.
This can both make it difficult for short positions to realize profits and erode the confidence of long positions. In this market, the 109000 round number may become an important resistance level; blindly breaking through might instead create high-selling opportunities for short sellers.
Another key point: if these short positions are the main players' own
then the current upward trend is a trap for unsuspecting buyers, and a decline is definitely expected afterwards. To know the authenticity of the market, one must pay attention to the trading volume—only a significant increase in volume indicates stability; if the volume is low, it’s likely to drop again.
In yesterday's post, although those who followed did not gain a lot, there was still around a 1000-point move~
Remember to follow Hashini's daily shares.