My goodness, BICO really played with nerve this round. Seven days ago it was hovering around 0.016, basically right at the historical low—then within a week it surged to 0.091, multiplying several times. After that, it was directly smashed back to 0.037, down 60%. Now it’s bounced back to around 0.05 again.
First, the conclusion: at this level, I’ll just observe—no chasing the rebound.
Look at the funding—something’s off. In the spot market, over the past nearly 3 hours it’s net outflows, and among 12 candlesticks there isn’t a single red one—all negative. Even the big orders from whales are withdrawing. The price has climbed out of the pit, but the money hasn’t come back with it. This rebound is basically hollow.
Sentiment is also bearish. Over the last 24 hours, KOLs and news are mostly on the bearish side. The market is framing this move as “ran up too much” + “violent pullback,” and nobody is talking about any fundamental narrative. To put it simply, this is a parabola driven by small-cap liquidity being pushed—not a value discovery.
The derivatives side is also crowded. In the spot leverage market, the long-to-short ratio has surged to 398, with longs stacked in an extreme way. At this kind of spot, volatility will be especially high. ATR has already maxed out. Technically it still looks like a strong trend, but the rebound’s成交量 (trading volume) is still less than 70% of the average—without volume, there’s no confidence. Even the main players don’t seem willing to take the other side.
My thinking is simple: a stock that multiplied several times in a week, then dropped 60% after running up, and now it’s rebounding back to the middle—chasing in here just isn’t great in terms of risk-reward. If you really want to get involved, you’d better wait for a pullback confirmation that someone is actually taking the bids, or for volume to truly expand. Otherwise, you’re just lifting someone else’s sedan.
Let’s first see when the funds come back again—then we can talk about other things. At this level, I’d rather watch the show.
#bico $BICO
First, the conclusion: at this level, I’ll just observe—no chasing the rebound.
Look at the funding—something’s off. In the spot market, over the past nearly 3 hours it’s net outflows, and among 12 candlesticks there isn’t a single red one—all negative. Even the big orders from whales are withdrawing. The price has climbed out of the pit, but the money hasn’t come back with it. This rebound is basically hollow.
Sentiment is also bearish. Over the last 24 hours, KOLs and news are mostly on the bearish side. The market is framing this move as “ran up too much” + “violent pullback,” and nobody is talking about any fundamental narrative. To put it simply, this is a parabola driven by small-cap liquidity being pushed—not a value discovery.
The derivatives side is also crowded. In the spot leverage market, the long-to-short ratio has surged to 398, with longs stacked in an extreme way. At this kind of spot, volatility will be especially high. ATR has already maxed out. Technically it still looks like a strong trend, but the rebound’s成交量 (trading volume) is still less than 70% of the average—without volume, there’s no confidence. Even the main players don’t seem willing to take the other side.
My thinking is simple: a stock that multiplied several times in a week, then dropped 60% after running up, and now it’s rebounding back to the middle—chasing in here just isn’t great in terms of risk-reward. If you really want to get involved, you’d better wait for a pullback confirmation that someone is actually taking the bids, or for volume to truly expand. Otherwise, you’re just lifting someone else’s sedan.
Let’s first see when the funds come back again—then we can talk about other things. At this level, I’d rather watch the show.
#bico $BICO