Prices grind upward along the moving averages. In the four-hour chart the trend is steadily pointing up—at a time like this, who still dares to stand in a short position? Open interest continues to expand: over the past seven days, it’s already up more than half a percent. The proportion of active buy orders is over half, and buy volume is pushing down sell volume—this isn’t a range to lure and run; it’s capital genuinely crowding into the long side. This price action squeezes me so tightly I can hardly breathe. The shorts are still there, stubbornly adding to their positions with hard-headed bravado. You add a yard, longs take a step in return—that’s simply using your face to catch punches. In the spot order book, the spread between buy and sell is as thin as paper; if you smash it down, everything gets swallowed immediately. With a market like this, if you don’t go in with the trend, then wait until the shorts get squeezed and blown up before chasing?
