Now is a super bull market for precious metals, and market sentiment is FOMO. The priority is to price according to sentiment. The recent hot topic is the skyrocketing gold and silver prices, with silver already breaking through the hundred yuan mark, peaking at 103+. This rate of increase is terrifying, taking only 9 months to rise from 28 to 103. In this strong trend's main upward wave, those who dared to short have almost all been liquidated; it's too barbaric and unreasonable.
For this kind of asset, it's hard to set a target price because once you have a target price in mind, you can't help but compare. When it exceeds the target price by a lot, you might think about shorting. Having such thoughts is equivalent to digging a pit for yourself because the risk of shorting far exceeds imagination.
The gold price also rose to 4990 on Friday night, just a touch away from 5000. Institutions have generally raised their target price for the year to 5500. This is somewhat like hanging a carrot in front of a donkey: they raise it as it rises, from 2500 all the way to 5500. You can't say that institutions are just following the trend without opinions; such a major market trend should be guided by the situation, with the cooling of sentiment as an important turning point, rather than looking at fundamentals or calculating valuations, which would only cause you to miss the market early. Anything that can be calculated or estimated belongs to a bear market.
$BTC $ETH $BNB #美股七巨头财报 #Scroll联创X账户被盗 #韩国丢失遭扣押比特币 #以太坊巨鲸异动 Grayscale submitted a BNB ETF application.
For this kind of asset, it's hard to set a target price because once you have a target price in mind, you can't help but compare. When it exceeds the target price by a lot, you might think about shorting. Having such thoughts is equivalent to digging a pit for yourself because the risk of shorting far exceeds imagination.
The gold price also rose to 4990 on Friday night, just a touch away from 5000. Institutions have generally raised their target price for the year to 5500. This is somewhat like hanging a carrot in front of a donkey: they raise it as it rises, from 2500 all the way to 5500. You can't say that institutions are just following the trend without opinions; such a major market trend should be guided by the situation, with the cooling of sentiment as an important turning point, rather than looking at fundamentals or calculating valuations, which would only cause you to miss the market early. Anything that can be calculated or estimated belongs to a bear market.
$BTC $ETH $BNB #美股七巨头财报 #Scroll联创X账户被盗 #韩国丢失遭扣押比特币 #以太坊巨鲸异动 Grayscale submitted a BNB ETF application.