$RIVER The market trend is stabilizing. After a recent surge, the basis widened rapidly. The big players are not buying, retail investors are also not buying, and the short sellers are not eager to close their positions. The existing chip structure is stabilizing, showing some signs of increased volume. However, the market reversal cannot be confirmed yet, as the current rebound has not surpassed the high of the first rebound. We might need to wait and see, possibly forming a symmetrical triangle pattern?
Stay tuned.
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$RIVER The market trend is stabilizing. After a recent surge, the basis widened rapidly. The big players are not buying, retail investors are also not buying, and the short sellers are not eager to close their positions. The existing chip structure is stabilizing, showing some signs of increased volume. However, the market reversal cannot be confirmed yet, as the current rebound has not surpassed the high of the first rebound. We might need to wait and see, possibly forming a symmetrical triangle pattern?
Stay tuned.