Last night, the pancake surged to around 74000 before quickly retreating, which is actually not surprising 🤔
Old Huang posted in advance to clearly tell everyone that this is a wave of false bullishness + a short squeeze rebound. First, it is to clear the accumulated short positions in the short term, and second, it is because Yili Hua is shorting the market, giving him a warning… 🤡
It's not easy to break through this previous high position. If it truly stands firmly, it will be a wave of accelerated increase 📈, and the bears must escape.
But it is very clear that there is mutual distrust among the main forces, and as soon as it reaches a critical position, someone starts to flee. This is also why we dare to boldly short again near the previous high; this is how a bear market works. When you see a rapid rise, don't panic, because a rapid drop will come soon too 😃
