$BTC Spot vs Future are two different things
With Spot you can buy the dip with low risk
But with Future, wanting to buy the dip means very high risk
Spot can be sold at the peak
But Future shouldn't try to catch the peak.
The way I view the market going down and the act of Shorting it are very different; those who lack knowledge should not tell me to sell my house to all-in short.
The market has pushed prices strongly and very quickly to this resistance zone, it has risen so fast that you are afraid to enter, fearing that you will miss the boat, and entering means only catching the peak, while shorting could wipe you out.
Currently, BTC has two resistance-support zones at 103k and 105k
This means that those who have faith, wanting to buy bitcoin at a cheaper price, are placing buy orders at the 103k zone; when BTC falls here, if the buying force is strong, it will push the price of BTC up, and conversely, other investors want to take profits at the price zone of 105k, or those who were previously caught at the peak at the price of 105k, now that the price has risen to 105k, they are so happy that they have to sell, right? If you have been caught at the peak for a long time, when you are back to breakeven, would you rush to sell your holdings? It is this strong selling pressure that overwhelms the buying force, forming the long tail that the market makers intentionally push up to kill shorts like this morning.