$BTC

• Current: Should stay out or only short with a very small position (if you accept high risk).
• Better short zone: Wait for price to retrace to 60,500 – 61,500 or higher, combined with signs of weakness (order book shifting to strong Ask, volume decreasing on up moves).
• Safer short zone: Wait for price to approach the Realized Price (~53,000 – 54,500) if there are signs of breakdown.
Risk management when shorting:
• Stop Loss: Should be set quite tight. The zone 59,800 – 60,200 is dangerous if you short at 59,000.
• Position size: Significantly reduced compared to normal (only 30–50% of typical size).
• Trailing Stop: Should use a tight trailing stop because the squeeze risk is very high.
• Hedge: May consider hedging a portion by holding some spot or a small long if shorting large.