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You probably didn't expect this, right? On the first day of the domestic May Day holiday, the last trading day of the U.S. stock market $BTC surged to a high of 78.9k, clearing out all the short players who had been sitting above 77.8k earlier.
This rally was a bit unexpected, but it at least gave a chance to short. The U.S. stock market is closed on Saturday and Sunday, and with the May Day holiday, I think it will consolidate above 77.5k for at least two days, with the earliest result next Monday.
A good short position can be set at 79.2-79.8k, but it’s not guaranteed to reach that. If it does, there’s an over 80% chance of making a profit, and then it’s about chasing the short on the right side of the market. To prevent the market from rising to the short entry point!
There are 2.1 billion long positions waiting to be liquidated and 4.6 billion short positions. Every time you go long, the market drops; every time you go short, the market rises—pure meat grinder market.
Gradually building short positions now, the bulls are already starting to see 83k. It’s time to give them a sharp wake-up call.