Don't delude yourself into thinking BTC will quickly reach 35,000; chasing short positions now will definitely get you wrecked.

Shorts will be countered by the rate hike expectations! The better-than-expected non-farm payroll report released last night at 8:30 PM is a signal that the crypto market won't follow the decline.
1. ETF and institutional funds have already exited; the false jobs created by US job vacancies and the World Cup are irrelevant. In the eyes of professional institutions, better-than-expected non-farm payrolls are a certainty event. Breaking 6, even the panic-selling retail investors have already fled.
2. Don't fall into the illusion of rate hikes. The Federal Reserve raising interest rates, Americans can't even afford to pay the interest on national debt. Powell can shrink the balance sheet, compress the $3.3 trillion in bank excess reserves, but raising rates is the worst solution! Moreover, the US stock AI just failed to meet expectations, not a collapse.
For those wanting to short, first check the 4-hour volume distribution chart of Bitcoin.