✏️Some friends are curious, how did Lao Huang, this Hardcore Bear, start to pullback and go long? Especially last night when the market felt like it was going to plummet, he actually dared to take a long position 🤔

The reasoning is not complicated. If last week's market was constantly luring in shorts to attract short positions, then the current market is luring in longs. This situation has occurred several times, with a pullback followed by a rapid rebound, enticing bulls to take over and bet on a breakout...
We used to think that the bears had a heavy presence, but in fact, the bears are down to their last breath. The rapid rebounds after several pullbacks are actually the main forces unloading their positions. As the market oscillates and consolidates, they are gradually leaving, buying back after a drop. After a few more waves, all the bulls will be left hanging at the peak, so our long positions are just to catch the rebounds, while the big profits need to come from shorting.
The current macro external environment is very difficult, but the cryptocurrency market stands out, and this wave of market movement is basically driven up by institutional buying.
📌Now the question is thrown to everyone, do you think institutions will successively take profits and exit to bottom-fish quality US stocks, or will they pump it to 100,000 before going long?
Anyway, if it really goes to 100k at this point, I will liquidate all my spot and play the US stock market instead. 🤣
#贝莱德数字股票申请# #非农就业数据将公布#