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Traded ValueI have a friend, the one you mentioned at 1300, now down 87% 😅 I'm really afraid he'll go long.
There is another indicator: many who were shorting around 1300 have suddenly been pulled up to 1700+.
If all these people trigger their stop orders, the upward momentum won't be this strong.
This is also a key indicator. As long as these shorts haven't closed their positions, the big players' short squeeze won't stop. It's like the move from 1500 down to 998—fast and ruthless, scaring the bulls almost to death.
Once these shorts are covered, those who couldn't resist are chasing highs. Market sentiment suddenly becomes unanimous with no divergence, which means we've reached a consolidation phase.
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