Currently, it is a typical pullback market.
In the range of 2.7-3k, there are many trapped positions and short contracts. Under the impact of a rapid short-term surge, shorts worry about their profits going to zero and their unrealized losses, leading to massive liquidations that cause the price to drop. Trapped positions, seeing that the price is not moving up, also lose the courage to hold on and sell off following the trend.
It is a normal phenomenon in the short term. As the actual performance of positive news and bullish actions unfolds, more and more people will take a bullish stance, th
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