Friends who are shorting should be cautious. Last night, many pursued shorts, and when the market rebounds to around 104,000 in the short term, there will be over 2 billion in short positions liquidated. If there is a short-term pullback, the liquidity below is limited.
I still do not consider 98,000 as a bottom in the medium term, even if the daily pullback is not complete. However, the probability of a short-term rebound leading to short squeezes is increasing. The rewards for chasing shorts can be significant, but the risks are often high🥶. Wait for a better entry point😂