Tuesday Afternoon Analysis: Reversing Position to Go Short

First, let me explain why we're reversing to short at this time. First, the Federal Reserve is about to announce its interest rate decision, and it's basically a done deal that there will be no rate cut. No rate cut means bad news, which will trigger panic sentiment and capital exodus causing a selloff. Whales and institutions won't keep giving retail investors free rides to make money. When others are greedy, you need to be fearful—you got to understand this.

Second, Bitcoin has rebounded from 60,000 to 76,000, delivering a 16,000-point gain. From a macro cycle perspective, this round of correction is a strong adjustment with not insignificant momentum. If we break above the 74,000 double top and continue higher, there's potential for luring in buyers at the top for dealers to dump on, so we're not chasing. On-chain data shows that major whales that chased the top have already been liquidated three times in a row. Chasing rallies and selling dips is always a cardinal mistake.

Third, the bear market is far from over. Bitcoin only fake-broke the 60,000 level in the last decline before stopping and reversing, but according to bottom formation analysis, it needs to test again at least once. A healthy bottom should be in the 48,000-55,000 range. So going short now might result in being trapped, but it will definitely be able to reverse losses into gains in the long run. The prerequisite is learning position management.

If you understand these three points, hit like + comment + follow all together.