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December 29, 2025
After holding long positions all weekend, I finally took profits in the early session. Tried to short at 2970 but couldn't get filled, stopped out at 2988. Currently, the four-hour bullish candle directly engulfs the previous candle, forming a bullish engulfing pattern. Note that this is a full-bodied bullish candle. Could it be that the insiders are really being squeezed out? I estimate that even if it goes up, the insiders won't leave. This upward move has plenty of room to rise to 3120, then 3150, 3220, and so on. It seems that both ZEC and BCH are being manipulated, with little activity. Last week, I predicted that Monday might see a rise. Recently, I haven't dared to blindly short because funds are indeed flowing in, and ETF net inflows are confirmed. I'm now worried that the early rally might be sharp, and once the US stock market opens in the evening, two 15-minute candles could drop, forming a trap for the day. There are too many uncertainties now; I don't understand this market well and need to consider many factors. I'm about to enter the New Year holiday.
Personal review for self-use only, no spamming, do not follow the trades, profits and losses are at your own risk.