$ZEC Don't short! Absolutely do not short!
AllianceDAO has set a conservative target of 3% to 5% market cap for Bitcoin, and predictions still indicate a potential upside of 3 to 6 times.
Currently, spot inflow/outflow is balanced, with net buying exceeding 20 million yesterday, and open positions are still increasing. The contract trading volume is skyrocketing, with short positions facing a liquidation amount close to 30 million (not counting stop losses). The large holder long/short ratio has completely flipped (3:7). If the predictions from Lianchuang hold true, the bears will be in a world of hurt.
From the chart perspective, many shorts have already been trapped below 600 (ample fuel), and a pullback from overbought conditions is normal. We'll see if key support levels can hold; if they do, the bulls should prepare for a run to 750, and the bears should also brace themselves mentally.
Buy the dip, keep an eye on position management, and privacy coins are starting to stand out.
AllianceDAO has set a conservative target of 3% to 5% market cap for Bitcoin, and predictions still indicate a potential upside of 3 to 6 times.
Currently, spot inflow/outflow is balanced, with net buying exceeding 20 million yesterday, and open positions are still increasing. The contract trading volume is skyrocketing, with short positions facing a liquidation amount close to 30 million (not counting stop losses). The large holder long/short ratio has completely flipped (3:7). If the predictions from Lianchuang hold true, the bears will be in a world of hurt.
From the chart perspective, many shorts have already been trapped below 600 (ample fuel), and a pullback from overbought conditions is normal. We'll see if key support levels can hold; if they do, the bulls should prepare for a run to 750, and the bears should also brace themselves mentally.
Buy the dip, keep an eye on position management, and privacy coins are starting to stand out.