12.16 Morning Market Overview: BTC Waterfall + Short Position Profit of 2300 Points #BinanceABCs $BTC
BTC opened with a large bearish candle with upper and lower shadows, marking its fourth consecutive daily decline
Yesterday, I set a short position at 9.06 but didn't get filled; then it dropped to 8.93, and I shorted again, taking a profit of 2309 points and exiting, with a maximum drop of nearly 5000 points; taking about half was a pleasant realization of wealth
8.55 has been tested multiple times and held temporarily; if it can't hold, I will look for daily support at 8.38; overall, BTC still has the possibility of a second bottom at 8.38 and 8.11; waiting on the right side to short once it breaks 8.55, with a stop at 8.68, targeting 8.42 and 8.37;
As of now, the total liquidation across the network is 594 million USD, with long positions reaching 507 million and short positions at 87 million; currently, 24H BTC spot ETF has a net outflow of 3560 coins, and the structure is bearish, retail investors can follow to short
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