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Right now, this market is a typical case of everyone rushing to be bearish, but instead, it’s not falling much.
There’s no news to break the stalemate and cause a sell-off; relying solely on technical panic and the retail investors piling into short positions, there’s no way to cause a deep decline in the short term.
Currently, the short positions are piling up more and more, and as the market drags sideways without breaking support, it’s very easy to trigger a collective stop-loss and liquidation of shorts, then continue to push upward.
Everyone is holding back, waiting for a big drop, but the market just refuses to fall.
Purely from a technical perspective, without any news-driven influence, there might still be a rebound coming, which could expand the subsequent downward range! #Gate13周年现场直击 $BTC $ETH