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#数字资产生态回暖 $DOGE The Cold and Hot Duality—The Battle Between Faith and Data
The market is presenting an interesting dialogue: on one side, retail investors holding full positions are still buying on dips, while on the other side, institutional funds are quietly withdrawing.
Data paints a clearer picture. The 24-hour long liquidation volume is 8 times that of shorts. What does this number indicate? It shows that those holding long positions are paying tuition. The technical outlook is also not optimistic—prices are being tightly squeezed by key moving averages, RSI is unable to rebound, and MACD shows no signs of improvement. The short-term net outflow of funds has not yet changed, and retail investors' capital cannot support this market.
Looking at history, whenever there is a divergence between faith and data, data always wins.
From a technical perspective, the $0.1460-$0.1480 range is where retail investors have concentrated their positions and is also the most vulnerable to being broken out. If following the shorts, set the stop-loss at $0.1505, with a target toward $0.1380, and further support at $0.1335.
The core logic is simple: the main funds have already turned around, while retail investors are still hesitating. Such a situation cannot last much longer. Instead of betting on luck, it's better to follow the flow of funds.