July 11th Big Coin Auntie's Morning Thoughts
Last night the market took a sharp turn! In the midnight hours, the big coin surged in a surprise attack, with a 'king bomb' level large green candlestick directly breaking through the historical high, peaking at 117,500. The intensity of the market completely overwhelmed those who were still short, and the entire 'Air Force camp' almost fell overnight; surely many people were sleepless last night.
However, upon calming down and looking at the current chart, a long upper shadow has already formed above, which usually indicates a demand for a pullback in the short term. Although the MACD indicator's red bars are still extending, with the rise and fall, the divergence between the DIF and DEA lines is clearly narrowing, and signs of a top divergence are beginning to appear. Meanwhile, the bullish momentum is starting to wane, especially after a breakout with increased volume, the trading volume is quickly shrinking, indicating that the market's upward momentum is weakening.
Little Zhuge's viewpoint is: the current market is in a typical 'rising to absorb positions + washing out shorts' stage. Behind the rapid increase is actually the main force continuously harvesting short funds. This causes many to instinctively resist shorting and tend to wait for a pullback to continue chasing long positions.
But remember an old saying: when most people start to fear shorting, that might just be the opportunity for you to consider laying out short positions. Don't be deceived by appearances; this is a critical period of emotional reversal, and the more lively the market, the more calm you need to maintain.
Personal Suggestions
Big Coin: Enter at 116200-117000, target down to 114500
Auntie: Enter at 2960-2990, target down to 2850
