$74,000 Contrarian Pullback - Why Do I Still Dare to Short?

@Gate Plaza Weekend Charts I'm Standing On "📉 Pullback and Decline". Currently BTC has hit $74,000, and I chose to open a short position here to bet on a pullback. Here are my reasons:

1. Key Resistance Level
$74,000 is the "last defense line for shorts" mentioned by multiple analysts previously, and also a massive stop-loss level for short positions. The most intense long-short battle occurs at this level, making pin-up pullbacks likely.

2. Short Squeeze Nearly Complete
This rally was mainly driven by overcrowded shorts (long-short ratio was once 1:7), propelled by whale liquidations. Now that shorts have been mostly liquidated, the "fuel" for the rally is running out.

3. Weekend Liquidity
Weekend market depth decreases, above $74,000 is an "air pocket". Once buying pressure fails to keep up, it's easy for price to drop rapidly.

4. Risk Management
If price holds above $74,500, I'll admit I'm wrong and cut losses. Going short at this level is a left-side bet—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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