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The phrase "Don't short" hides the blood, sweat, and tears of many traders. Recently, watching BTC fluctuate around 90,000, there’s indeed an impulse to buy the dip and short. But fortunately, I listened to many friends’ advice, and this time I managed to avoid it.
To be honest, many people actually misunderstand this. In the crypto market, long-term bottom-range consolidations and repeated tests of support levels are never signals of the main players offloading. On the contrary, this usually indicates that the main players are "cleansing" — shaking out the indecisive retail investors while quietly accumulating enough chips.
Why do they operate this way? Because without sufficient low-level oscillation, it’s hard to see subsequent crazy rallies. The main players need to use time to gain space, first suppress market sentiment, making most people give up hope, then wait for the right moment. A wave of upward movement can then trigger all the FOMO. By that time, chasing the high will be rampant, and the real harvesting will begin.
This time, BTC’s effort in the 94,000-98,000 range is actually testing this logic. Those who are shorting against the trend are now most likely struggling at their stop-loss levels. Instead of betting against the market, it’s wiser to understand the true intention of the market — follow the trend, which is always smarter than fighting against it.