Pinned article Bitcoin seeing above 70,000, initially at 66,000 I was shorting... Later realized too many people were shorting, people around me on Twitter, Binance Square, a lot of short sellers, everywhere were short positions, scared me to directly close my short position and switch to long...
The logic is simple, everyone is bearish, where does the money come from?
Everyone wants to short at high positions, everyone wants others to lift them, but all you can do is laugh...
Talking about the current market, the stop-loss position for short positions is around 74,000, so Bitcoin will still rise... The purpose of this rise is to destroy the shorts, most short liquidation points are concentrated around 74,000.
At this point, everyone should understand why Bitcoin can't keep falling, why Bitcoin ultimately chose to rise, it’s also unavoidable.
Retail investors are all placing short positions waiting for a crash, the main force has no choice but to rise...
This is the logic behind Bitcoin breaking through 70,000, as long as the shorts don't die, the rise won't stop...
Finally tell all friends, don’t short until the short positions die!!
