#数字资产市场动态 PAXG Can it break through 5000? My view is that it's quite difficult. Based on recent price performance, this level of resistance is quite strong. Many traders are positioning short orders at this price level, and institutions don't seem to have much desire to absorb the sell-off. The overall crypto market has been somewhat weak recently, and the decline of precious metal tokens is also a normal trend. Unless there is a black swan event that pushes it up, the probability of a breakout to the upside is really low. In the short term, I expect it to maintain a sideways downward trend.

PAXG-0,23%
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AirdropHunterWangvip
· 23h ago
The fact that institutions are not stepping in has been obvious for a while, and PAXG is in trouble this time. --- The 5000 level, we have to wait for a black swan to come and save the day. --- With so many short positions piled up, even a rebound is difficult, it's indeed dangerous. --- Gold and silver tokens falling in line is a routine operation, nothing new. --- Short-term oscillation downward, very honest assessment, I agree with that. --- With such weak market sentiment, don't expect an upward breakthrough, just focus on defense. --- The resistance level is so strong, it's normal not to break 5000.
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DegenMcsleeplessvip
· 23h ago
5000? Dream on. Right now, it's all short positions piling up; institutions have already exited.
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4am_degenvip
· 23h ago
The short positions are so stacked up, you want to break 5000? Dream on, brother.
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MetaverseVagabondvip
· 23h ago
With so many short positions accumulated, I actually think the bottom is not far away. Believe it or not.
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ProveMyZKvip
· 23h ago
Haha, breaking through the 5000 barrier is indeed difficult. Institutions are watching cautiously, and retail investors are not very enthusiastic, showing a general sense of weakness.
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