"What is the ""喊多杀多" phenomenon? It is when more people shout for a rise, it is often the time when emotions are most intense and the chips are most scattered.
Just like a group of people gathered around a hot pot, all saying "the meat is almost cooked, hurry up!", the more they urge, the more it is undercooked, because everyone wants to be the first to grab the best piece of meat, which ends up extinguishing the fire.
I have analyzed several "major market predictions" from the past year, and the accuracy rate is basically similar to flipping a coin, or even lower. The real opportunities often come quietly when everyone is afraid to speak and feels like it’s all going to end.
The market is such that when everyone expects the same outcome, it likes to go the opposite way, which can be seen as a kind of "tax on retail investor emotions".
I took a look at BANK's situation. The fundamentals are indeed good, and Lorenzo is doing quite solidly in RWA. However, the technicals are indeed weak, with obvious selling pressure.
Actually, this situation is quite common. It is normal for good projects to be pounded down in the short term. The key is to look at the funding rate and position structure. If the long positions in the contracts are mostly cleared, and the spot chips are sufficiently washed out, then the probability of a rebound becomes large.
However, the overall market sentiment is not very good right now. Although the RWA sector has long-term logic, in the short term, the rotation of funds still depends on the big pancake's mood. No matter how good Lorenzo is, it is difficult to stand strong independently if the overall environment does not cooperate.
It is advisable to first see if the daily support level can hold. If the technicals stabilize, the advantages of the fundamentals can play a role. At this position, it is still important to control the position well.
