$ORDI Brothers, to be objective, this coin is now a typical weak fluctuation after a high-position dump, with a short-term bearish outlook. The dog market is likely to continue harvesting.
The script for the dog market next
It is highly probable that it will continue to induce buying through weak rebounds, pulling back for a wave to test the upper pressure, tricking retail investors who are trying to bottom fish into taking over, and then smashing through the support near the previous low of 5.5, completely washing out the stop-loss positions of the bulls.
Only by creating enough panic selling, forcing the bulls who are trapped at high positions to cut losses, can the next round of recovery possibly begin. The current rebound is merely giving you an opportunity to escape, not a reversal signal.
In short: the current goal of the dog market is to bury the bulls completely; don't think about bottom fishing in the short term, wait for the stabilization signal to come out and then talk.
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