Now it's time to go long. After this drop, all the bulls are wiped out. If the bears push down further, where will the opposing orders come from? Especially with Ethereum—Yilihua has sold so much, and the market has absorbed it. And now there are a large number of shorts. If there's a sudden sharp rise at this point, it could trap a lot of short sellers. Let's take a small position to test the hypothesis.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Now it's time to go long. After this drop, all the bulls are wiped out. If the bears push down further, where will the opposing orders come from? Especially with Ethereum—Yilihua has sold so much, and the market has absorbed it. And now there are a large number of shorts. If there's a sudden sharp rise at this point, it could trap a lot of short sellers. Let's take a small position to test the hypothesis.