Bitcoin currently holds 99,200 short positions, defending the 100,500 level. It was entered in the early morning and has tested the 97,700 level twice. In the short term, there is a profit of over 1,000 points, but my goal is not just that. A pullback from 99,200 should at least start from 3,000 points. The targets remain at 96,000, 94,500, and 92,500. For those trading short-term, just take your profits when they appear!
Regardless of bullish or bearish, as long as one does not get overly excited, strictly manage the position size, and control the stop-loss, that’s all that matters. Before the market moves significantly, no one can convince anyone else; everyone is fighting for their own beliefs.
From the liquidation data over the past 24 hours, both longs and shorts have been wiped out! Statistics show that over 98,400 people were liquidated, with long positions liquidated at 130 million USD and short positions at 120 million USD, so no one should feel wronged; everyone is just paying for their own understanding!