After yesterday's wave of sharp declines, the selling pressure has obviously eased. In the next day or two, there may be a chance for a rebound. I suggest trying long positions with a light position, but the key is whether it can hold above the consolidation range—if it can't break through, you need to cut your positions decisively.



Why am I daring to look for a rebound now? Because the deep correction I previously anticipated may be delayed. The current situation is likely to go in one of two directions: either we spend a few more days consolidating in this range, or there will be a false breakout to a new high to trap those chasing the rally, and only then will the real main downward move begin.

From a technical perspective, several bearish signals haven't fully completed their patterns yet. If there is going to be a major drop, it will probably need a period of sideways consolidation first.
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OfflineValidatorvip
· 12-11 02:10
I've seen too many tricks like fake highs, and this time they're trying to harvest more retail investors again.
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ForumMiningMastervip
· 12-09 15:47
Seen too many of those fake top tricks, are we doing it again this time? No problem trying with a light position, but I'm still cautious, I'll wait until the consolidation is over. If it can't hold the range, just get out, that's fine, just set your stop loss properly. If you can catch some profit from this rebound, that's already good enough—don't be greedy.
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StealthDeployervip
· 12-09 15:43
A rebound is just a rebound, don't get caught by fake highs and become the exit liquidity. It's fine to try with a light position, but I think sideways movement is the norm. When the real drop comes, you'll regret it. The key is whether it can break out of the range; if it can't, don't get greedy. This kind of market is really testing the patience of the bulls. If the technical pattern hasn't played out, don't rush to get in. Fake highs are the worst traps—I got stuck once and learned my lesson.
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LiquidationSurvivorvip
· 12-09 15:43
I've seen this fake high trick too many times. I'm still stuck from the last time I got trapped. --- Try with a light position, but I'm betting this rebound is just a bull trap. I'll probably have to cut losses again. --- You dare to bottom fish before the technical pattern is complete? Bro, you've got guts. --- Should I wait a few days or just cut now? I'm just bouncing back and forth between these two options. --- There always has to be a fake high to fool people before the main drop. That's just how it goes. --- You can try the rebound, but seriously, don't get greedy. Last time I got greedy and almost got liquidated. --- If the price can't hold the range, just cut. This advice is solid—don't even think about bottom fishing. --- Feels like every time we're predicting the main drop, and what happens? I don't believe it anymore. --- I've heard enough clichés about consolidation. Watching the market yourself is always the most reliable.
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LucidSleepwalkervip
· 12-09 15:37
I've seen this fake high point trick too many times; I got caught by it right here last time.
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