To be honest, hidden under the rebound are undercurrents, and the disagreement lies in the volume and momentum. The force behind this pull-up—$USELESS —if I’m being honest, it looks a bit flimsy to me. What I feel from the board is that prices are pushing upward, but the funds catching the dip below can’t quite keep up. That kind of structure is exactly what I’m most wary of. Think about it: if it were truly a strong trend, pullbacks would come on shrinking volume—how could it be like this, with a rebound full of hesitation? My core bearish logic is simple: the volume structure of this round of advance isn’t healthy.
The market cap gets pushed up, but turnover and the chasing momentum are clearly out of sync. A move driven hard by existing supply, not fresh participation, is naturally discounted in terms of sustainability. Especially when you start seeing signs of loosened holdings at higher levels—that’s not me making random guesses; it’s my direct read from the order book and the trading rhythm—some people are using liquidity to reduce positions. At this spot now, the risk-reward ratio is already out of balance. I don’t see much upside imagination from here; but downward, there’s enough room for a deeper retracement. I’m not saying to time the exact top and bottom perfectly, but at this point of divergence, I’d rather stand on the side where the probabilities are higher.
The market won’t always give you a comfortable exit price. When caution is needed, don’t greedily chase that last bite. As the saying goes: the board doesn’t lie—volume can’t fool anyone. Since the rebound can’t provide a strong confirmation, my view stays slightly bearish. I’ll wait for this wave of sentiment to cool down, and then the price will naturally go to where it should be.
Survey the wide horizons from the mountains, and observe the market’s smallest shifts.
Travel with Uncle Xiong, and witness gains and losses across the sky and earth.
#USELESS
Click below to trade 👇
The market cap gets pushed up, but turnover and the chasing momentum are clearly out of sync. A move driven hard by existing supply, not fresh participation, is naturally discounted in terms of sustainability. Especially when you start seeing signs of loosened holdings at higher levels—that’s not me making random guesses; it’s my direct read from the order book and the trading rhythm—some people are using liquidity to reduce positions. At this spot now, the risk-reward ratio is already out of balance. I don’t see much upside imagination from here; but downward, there’s enough room for a deeper retracement. I’m not saying to time the exact top and bottom perfectly, but at this point of divergence, I’d rather stand on the side where the probabilities are higher.
The market won’t always give you a comfortable exit price. When caution is needed, don’t greedily chase that last bite. As the saying goes: the board doesn’t lie—volume can’t fool anyone. Since the rebound can’t provide a strong confirmation, my view stays slightly bearish. I’ll wait for this wave of sentiment to cool down, and then the price will naturally go to where it should be.
Survey the wide horizons from the mountains, and observe the market’s smallest shifts.
Travel with Uncle Xiong, and witness gains and losses across the sky and earth.
#USELESS
Click below to trade 👇