BTC was shorted around 72k last night. The CPI rate of 3.3% last night didn’t drop as much as I expected; instead, it went up to 73.4k. All my short orders got filled, with an average cost price at 72.5k. I think it’ll drop hard over the weekend. If you haven’t shorted yet, you can still short at the current 72.5k level. At the very least, we could see it drop to 71-70k. The short positions at the top have mostly been liquidated, and the next resistance zone is around 74k. The recent pump is just due to expectations of the Fed cutting rates → real interest rates dropping, U.S. Treasury yields falling, and the dollar weakening → making risk assets more attractive. The fact that it didn’t break through in one go last night shows that a lot of market funds are still on the sidelines. If the follow-up volume doesn’t come in, the bulls will naturally collapse. Just waiting for the drop on Sunday or Monday.