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Went short 2 BTC with 100x leverage, with an average entry price of 63500.
Personally, I think BTC will pull back in the short term.
First, the shorts that were forced to squeeze earlier have basically already stopped out, and the longs have likely exited their short-term profits, which could create short-term sell pressure.
Second, the technical pressure level has been reached, and we’ve also hit the Fibonacci 0.618 level.
So, going short against the trend, this trade can run/close at any moment.
(If it were a bull market, I definitely wouldn’t be thinking about going short on the left side; in a bear market, I’d consider doing it with a small position.)
In the medium term, this month BTC has a probability of challenging 67500.
For the specifics, we’ll wait for updates.
Trading is inevitably changing pretty fast; sometimes the rhythm of opening and closing positions can be very quick.
I’m only sharing the logic—everyone else can judge for yourselves, make your own independent decisions, and take responsibility for the results independently.
Haters, don’t take things out of context—just play your own game. I’m not a master; I’m just sticking to doing the right things.
#BTC $BTC