Logic for Replenishing Short Positions:

To be honest

First of all, the spot market has been in a 100% profit zone since the new high

And a large number of short positions are concentrated around 75,000, currently up 20%, the necessary liquidations have already occurred

Always remember, this is a game of capital, maximizing profits is the goal

Additionally, with the extremely FOMO market sentiment right now, this is the best spot to liquidate longs

If you ask where it will drop to, I don't know, and I can't provide a specific point, maybe it will hover around 80, or maybe it will directly crash back to the 70s

Of course, there’s also a variable with BlackRock, which bought 1 billion USD worth of Bitcoin ETF yesterday, so tonight it is highly likely to determine the direction for the next few days

Don’t always think about finding a blogger to give you a point to rush in, life and death are predetermined, and wealth is in the hands of fate. Keep your own thoughts; if you entrust your life to others and it fails, it’s a wasted effort

In terms of operations:

Short positions should be abandoned. Be bearish without shorting; if it drops, replenish, if it’s time to buy the dip, buy the dip, and build positions in batches.

If it hasn’t dropped, it just means it’s not meant to be. Charging in without a good position tests your position management skills and mindset. It’s better to miss out than to put yourself in a difficult situation

Wealth does not enter through urgent doors

💥Thought sharing, not constituting advice