The main force is sharpening its knife in a narrow range, while retail investors are getting hurt in the fluctuations—today's Dash is all about psychological warfare.

Dear friends, I am Sirius. I've been watching the Dash market for a long time today, and my impression can be summed up in two words: "conflicted." The price has been stuck in the narrow range of 45-48 for almost a day, with the hourly candlesticks moving up and down like a seesaw, but the trading volume has not been released. What does this indicate? It indicates that big funds are not in a hurry to act, and they are waiting for a signal.

First, let's look at the fundamentals. There isn't much exclusive news about Dash today, but as an old privacy coin, it has been pulled in two directions lately: on one side, the outflow of Bitcoin ETF funds is dragging down the entire market; on the other side, the expectation of altcoin seasonal rotation is supporting the bottom of some old coins. Today, Dash slightly rebounded 1-2% along with the market, but it clearly underperformed some popular altcoins, playing the awkward role of being "weak on the rise and active on the fall."

Next, let's examine the technical details. On the hourly chart, $47 has become the dividing line between bulls and bears—if it breaks above, it could touch $50; if it breaks below, it will test $42. Interestingly, in the recent 4-hour liquidation data, short positions liquidated $58,000, while long positions only liquidated a little over $900. This indicates that during the decline, a large number of retail investors chased the shorts, only to be "buried" by a quick rebound. Such short-covering rebounds often lack sustainability; it feels more like the main force is cleaning up leverage while picking up some low-priced chips.

Here comes my personal opinion:

I think Dash is currently in a "consolidation phase," but it is not a strong consolidation to push up; rather, it is a weak adjustment. Its weekly level has already broken, and the daily chart is in a descending channel; the short-term rebound is merely a technical correction. The time when retail investors are most likely to lose money is during this kind of "looks like it’s going to rise but doesn’t, looks like it’s going to break but doesn’t" fluctuation period—one chases the rise and gets stuck at 48, one cuts losses and it rebounds to 47, repeatedly hitting their faces.

"The longer the narrow fluctuations last, the stronger the trend change. Dash has been sharpening its knife for a day; do you think it will break through the ceiling upwards or pierce through the floor downwards?

What aspect of this topic do you want to know the most? Let me know in the comments, and I'll customize it for you next time! I will take you to explore tenfold potential coins!!! $DASH #比特币VS代币化黄金