$DEXE This breakout upward looks more like short covering. On the 15-minute timeframe, there is a volume-expansion rally, but the open contract positions do not increase—instead, they keep decreasing. This suggests it is not new long positions entering the market; rather, the prior short sellers are closing out and exiting. The aggressive buy-sell ratio stays consistently above 1, meaning short-term buying pressure is dominant. However, the sustainability of this short-covering move depends on whether genuine long capital steps in and continues the rally afterward. The 1-hour position volume is still trending downward, while the notional exposure is increasing, which may indicate turnover; the distribution of chips has not stabilized. Current attention is surging, and the volume ratio has reached more than double, indicating that market focus is converging.

For the short term, you can observe whether, after a pullback, price can again expand volume and push higher. If volume fades, the rebound is likely to fizzle out. In terms of execution, you can follow with light positioning, but set a stop-loss in advance, because once the short covering ends, the direction choice is often extremely volatile.

$DEXE 。$BTC

📊 Technical Analysis:
Current Price: 2.347 USDT
🟢 Support Level: 2.226 (1H benchmark distance: 2.41%)
🔴 Resistance Level: 2.334 (1H benchmark distance: 2.32%)
Resistance Zone: 2.58 - 2.597

💡 Entry Strategy: Near the support level, place buy orders; if price breaks below support, cut losses with a stop-loss
$DEXE