I just closed my long position on the pancake and wanted to open a short position, but after glancing at the square, most bloggers are basically expecting a pullback. Alright, I won't open a short position for now, I'll wait for the pullback to enter long again 😂
Actually, Lao Huang has also been reflecting these past two days on why the cryptocurrency market can experience such wild fluctuations without any positive or negative news. My conclusion is that the most important reason is that it’s aimed at retail investors blowing up their contracts...
The largest liquidity pool in the cryptocurrency market right now is the square, which should have more traffic than Twitter and Weibo. If the bullish and bearish views of major bloggers are basically consistent, it affects tens of thousands or even hundreds of thousands of retail investors following their trades. In the short term, this will severely imbalance the long-short ratio. If the chips accumulate enough, the main force can really cause wild price swings to mess with people's minds, so everyone should pay more attention to the long-short views of major streamers and the trading sentiment of retail investors when trading. It will really help your short-term trading 😂