$SIREN The dealer is still present; this rebound is their own self-rescue, not a true reversal.
Current market situation: The main force is replenishing positions to make a rebound.
From the whale data: Total positions have increased from 4.7 million yesterday to 7.75 million, with the main force having replenished about 3 million U. The long-short ratio has also risen from 15% to 40%, indicating that the main force is starting to build positions in the bullish direction.
In terms of profit and loss: The average cost of profitable whales is at 0.911, and they already have some floating profits; the average cost of losing whales is around 1.073, and they are close to breaking even. The main force is trying to pull the price back to their cost level.
Price trend: It rebounded from 0.84 to around 1.0, an increase of about 19%, which is consistent with what I said yesterday about a "weak rebound to 1.0-1.2."
The dealer is currently raising the price mainly to break even or reduce positions.
This rebound is not aimed at hitting new highs but is a self-rescue by the dealer. The previous cost for the main force was around 1.07, and they need to raise the price a bit to have room for selling.
Their plan is to pull the price to the range of 1.0-1.2, attracting some bottom-fishing individuals to take over, while gradually selling as they pull the price up.
Once they are nearly done selling, the price is likely to drop again.
Possible future trend:
The rebound may continue towards 1.1-1.2, but selling pressure will be significant above 1.2, making it hard to break through.
After the rebound ends, it is likely to slowly decline, with a target area around 0.8-0.9.
If the price cannot hold near 1.0 and drops directly, it indicates that the main force no longer wants to resist.
Overall, the dealer is currently conducting a self-rescue rebound, with a short-term target to pull to 1.1-1.2, but the overall trend is still in a downtrend continuation phase. This rebound is merely an opportunity for them to reduce positions, not a good time for everyone to chase highs.
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