$74,000 Gambling on a Pullback, Why Do I Still Dare to Go Short?

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

1. Key Resistance Level
$74,000 is the "last defense line for bears" mentioned by multiple analysts previously, and also a major stop-loss level for many short positions. This position sees the most intense long-short battle, making it prone to sudden pullbacks.

2. Short Squeeze Near Completion
This rally was mainly driven by overcrowded shorts (long-short ratio once 1:7), liquidated by whales. Now that shorts have been mostly cleared, the "fuel" for the uptrend is nearly exhausted.

3. Weekend Liquidity
Market depth decreases on weekends, above $74,000 is just "thin air," once buy orders can't keep up, a quick crash is likely.

4. Risk Control
If price holds above $74,500, I will admit I'm wrong and stop loss. Going short at this position is a left-side gamble, light position + stop loss is the bottom line.

At $74,000, are you looking for a breakout or a pullback? See you in the comments! Have a great weekend everyone.

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