# 周末行情站队

$74,000 Hedging Pullback, Why Do I Still Dare to Go Short?
@Gate Square Weekend Charts I Stand "📉 Pullback and Decline". BTC has currently hit $74,000, and I chose to open a short position here to hedge the pullback. The reasons are as follows:
1. Key Resistance Level
$74,000 is the "bears' last line of defense" mentioned by multiple analysts previously, and also a major stop-loss level for a large number of short positions. The battle between bulls and bears is most intense at this position, making it prone to spike reversals and pullbacks.
2. Short Squeeze Nearing Completion
This rally was