Tuesday Afternoon Market Analysis: Switching to Short Positions

First, let me explain why we're switching to shorts at this moment. First, the Federal Reserve is about to announce its interest rate decision, and it's virtually certain that rates won't be cut—this represents bad news. When the decision comes, panic sentiment will trigger capital flight and selling pressure. Major players and institutions won't keep lifting retail traders or letting everyone profit. When others are greedy, you must be fearful—you need to understand this principle.

Second, Bitcoin has rebounded from 60,000 to 76,000, achieving a gain of 16,000 points. From a longer-term cycle perspective, this correction is a strong pullback with considerable momentum. If the 74,000 double-top level breaks upward, there's potential for a bull trap to catch new buying. Therefore, we don't chase highs. On-chain data shows that major whales that chased the pump have already faced three consecutive liquidations. Chasing rallies and panic selling are eternal taboos in trading.

Third, the bear market is far from over. Bitcoin only false-broke the 60,000 level during the last decline before bouncing back, and according to bottom-formation conclusions, we should revisit these levels at least once more. A healthy bottom should be in the 48,000-55,000 range. Therefore, shorting now might result in being caught in a position, but with proper position management, reversals and profit-taking are absolutely possible.

If you understand these three points, please like, comment, and follow—let's go!