"White-haired stock market guru" Serenity: Traders should return to fundamentals and capital structure, rather than "chart faith."

CoinFeed reported on June 14th that Serenity, the self-proclaimed "white-haired stock guru," wrote that technical analysis (TA) is more like "astrology" for traders. Its essence is a combination of confirmation bias and market psychology, used to judge market sentiment rather than the core factors determining prices. The significant rises of many individual stocks are not due to chart patterns, but rather driven by fundamentals and expectations. For example, $SIVE rose by approximately 1900%, driven by the market repricing future revenue expectations related to $JBL and $GFS; $AXTI rose by approximately 8000%, related to industry logic such as indium phosphide substrates, photonics demand, and export controls. Serenity further pointed out that technical analysis can only reflect the psychological expectations of market participants; for example, chart predictions surrounding $IREN cannot offset the structural supply pressure brought about by large-scale financing (ATM).