Bet you didn’t see this coming! On the first day of the May Day holiday in China and the last trading day for U.S. stocks, bitcoin:native surged to a high of 78.9k, wiping out all the short positions that were stuck above 77.8k. This pump was a bit unexpected, but at least it gave an opportunity to short. With U.S. markets closed over the weekend and the May Day holiday, I think it’ll consolidate above 77.5k for at least two days, with results likely coming as early as next Monday. A good short entry could be around 79.2-79.8k, though it’s not guaranteed to hit that range. If it does, there’s an 80%+ chance of profit. After that, it’s all about chasing the short momentum on the right side—just in case the market doesn’t reach the short entry point! Currently, there’s $2.1 billion in long positions and $4.6 billion in short positions waiting to be liquidated. Every time you go long, the market drops; every time you short, the market pumps. It’s pure chop out here. Starting to gradually build short positions now. The bulls are already eyeing 83k—it’s time to give them a reality check with a hammer blow.