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. The order book near 0.0679 is heavily stacked with buy orders, forming immediate support. The retracement (~20%) is a healthy profit-taking and shakeout for bulls, without damaging the upward structure. Open interest did not significantly decrease during the pullback, indicating that major bulls have not exited. Market psychology suggests that shorts have been squeezed during the surge, currently lacking sustained selling pressure, preparing for a second rally.
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#Is the current market bottoming or just waiting?