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I have been buying short positions during this wave of market movement.
Bitcoin has gradually increased its short positions around the 70k level.
Currently, the overall short position ratio
is about 3.5 times the planned position.
The logic is actually quite simple:
The overall trend has not changed in any way.
We are still in a bear market.
It's just that short-term geopolitical conflicts' volatility
has intensified market liquidity battles,
making this round of market movement
the core driver for extreme liquidity acquisition by the bears.
However, if the key resistance above
can form an effective breakout and hold steady, then this round of market movement
the ultimate target price will be further raised to above 80,000.