# 周末行情站队

$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