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Many people are optimistic about this position, but the data tells a different story.
The proportion of large holders' positions has been dropping sharply in the past few hours—this kind of cliff-like change usually doesn't happen without reason. What's more heartbreaking is that the number of retail investors going long is actually increasing; this kind of divergence often indicates something. The candlestick chart is still struggling there, but the chips below the market have already started to loosen.
Once this loosening accelerates, the decline can easily spiral out of control. Instead of betting on a rebound, it's better to follow the main force's movements. At this point, go short, with take profit targets around 0.1400 to 0.1250. If you're slow, you'll really miss out—such opportunities are fleeting.