$74,000 Leveraged Pullback Correction - Why Am I Still Daring to Short?

@Gate Square Weekend Market I Stand "📉 Pullback Decline". BTC has currently reached $74,000, and I chose to open a short position here for a leveraged pullback correction. My reasons are as follows:

1. Key Resistance Level
$74,000 is the "last defense line for bears" mentioned by multiple analysts previously, and is also a major stop-loss level for a large number of short positions. The long-short battle at this position is most intense, making needle pricks and pullbacks likely to occur.

2. Short Squeeze Nearing Completion
This rally wave was mainly driven by overcrowded short positions (long-short ratio once reached 1:7), and pushed by massive whale liquidations. Now shorts have been cleared out considerably, and the "fuel" for the uptrend is nearly exhausted.

3. Weekend Liquidity
Market depth decreases on weekends. Above $74,000 is an "air layer" - once buying pressure can't keep up, prices can easily crash down rapidly.

4. Risk Control
If the price holds above $74,500, I will acknowledge my mistake and stop-loss. Going short at this position is left-side leveraged betting, light position size plus stop-loss is the bottom line.

$74,000 - are you looking for a breakout or pullback? See you in the comments! Wishing everyone a pleasant weekend.

#Gate广场 #周末行情站队 #比特币 #BTC