VELVET's recent trend is worth paying attention to. From the four-hour chart, signs of an upward move are beginning to appear. Looking back at the decline on the 20th, the big players had already cleared most of their long positions above. In recent days, the price has been oscillating within the same range, and many people see this as a sign that it might drop further, but this is actually a false impression.

Observing the short position pool, the value has been continuously accumulating. What does this usually indicate? More and more people are shorting, and market sentiment is becoming increasingly pessimistic. Conversely, the current trend has gradually shifted towards a bullish outlook. From a technical perspective, this position already meets the conditions for a long entry. The accumulation at the bottom, extreme pessimism among short sellers, and a subtle trend reversal—these factors together make a bullish case plausible.