Yumo's Doubling Diary and Early Morning Insights:
Yesterday at midnight, the big pancake rebounded at the 84700 line and then faced pressure to retract again. The overnight long position also gained more than 1000 points. This morning, I chased in again and incurred a loss of 500 points on the long position. I entered again and gained 600 points. In the evening, the coin price reached a low of 81100, and I re-entered at 81299, gaining 500 points! Overall, the trend still aligns with our thought process.
From a technical analysis perspective, the bearish momentum is clearly insufficient, with poor continuation. Both sides remain in a stalemate, and the power comparison has not shown significant tilt, making it difficult to generate a one-sided market. Therefore, we cannot judge the direction based on this and should not blindly chase shorts!
In the early morning, Yumo suggests a long position on the pullback:
It is recommended to look for a long position around 81000, targeting 83500.
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