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Looking at this wave of market, the rise is nothing more than to unload, ultimately to realize profits.
Speaking of the FHE asset, there's really nothing to over-interpret. If you really want to short, from the perspective of return and risk—losing a little pocket money in a margin call compared to missing out on a soaring market—the latter has a higher regret factor.
I do want to try shorting FHE, but I must set the stop-loss strictly at the principal level, and make sure the position doesn't get wiped out. Only then can I feel at ease.