$BTC Shorts locked at 102k!
Now the shorts have completely taken the upper hand, and I'm keeping an eye on this key position at 102k, where there must be a bunch of long positions that are about to be liquidated. Last night's drop didn't clear them out completely, so I absolutely won't go long until the price hits 102k. If I'm really going to take action, I'd rather wait for a rebound to 106k to short; at that point, shorting is a guaranteed profit. The short-term market is a short-seller's carnival, and the bulls are completely powerless to fight back. I’ll continue to watch from the sidelines and wait until this wave is over before making any moves.
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