If you are a dog trader, would you let a profit go? Obviously not.
If I were a dog trader, after clearing out long and short positions beforehand.
I would lure shorts and then pull the market up to trigger a deep short squeeze.
But considering the recent news about Ethereum, it leads retail investors not to open positions. Therefore, pulling the market up clearly does not align with my interests.
I would first crash the market, then saw it upwards, and finally lure shorts to pull it up.
A few operations can exchange for a huge amount of chips, this is what a trader does.
Cheap chips are made through trends.
When market panic and greed reach a critical point.
This is the reason why I, Zhenkang, am bearish.
