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Long positions always come with losses; don't hold onto your longs! Always be ready to dump the market, to the point where you start doubting your life.
If nothing unexpected happens, the last extreme short squeeze before the start of the entire 70-day cycle will occur within this week.
It is most likely to happen today on Thursday or tomorrow on Friday: As the US stock market opens for the last two trading days of the week, the new Federal Reserve Chair Powell's "policy silence period" is about to usher in the week's final market test. Major players will most likely exploit this two-day night trading liquidity vacuum to force a spike and squeeze, targeting and destroying those early morning short positions at low levels, pushing the bullish sentiment to its peak!
A low probability delay until the weekend: If, over the next two days, the bulls and bears are deadlocked around 2110, the main force will also leave this last shot in the extreme illiquidity environment of the weekend. They will use minimal capital to draw out the longest bullish fake-out wick, completing the final high-position chip distribution.
Why is this the last short squeeze?
The residual enthusiasm from the Senate Banking Committee's approval of the CLARITY Act on May 14 has been exhausted by the market. Starting next week, the bill will officially enter a phase of substantive freeze as the final texts are reconciled between the two chambers. This final rally is a gentle trap laid by the main players before dark clouds gather, targeting the blindly optimistic retail investors.
Especially the reverse-market push to 680 on ZEC, the higher this short squeeze spike is pulled, the more terrifying the gravitational acceleration becomes. The compliance noose has already tightened around privacy coins; once the last bullish lure drops in these next two days, what awaits is a vacuum-like break with no liquidity, leading to a sharp drop.
Leave it to time.
Let’s wait and see.