Why is shorting profitable now? 3 key signalsBitcoin / U.S. dollarBITSTAMP:BTCUSDRyan_Lewis1Critical support "slipping past the edge", with the downward door wide open The current price of $107,080 is exactly on the $107,000 - $107,500 "life line", which is both a key support at the daily level and coincides with several long-term moving averages. This range has held up several times before, but now it is in a precarious state. More importantly, the price has been hovering below the support level for 3 consecutive days, like an unstable old wall, and a slight external force could cause it to collapse - and historical data shows that if this support is effectively broken, it usually drops by 5% - 15%, with the next target being $105,000 or even lower. The bulls are being "pushed to the ground and rubbed", and the liquidation wave is still ongoing In the past 24 hours, the total net liquidation of Bitcoin bulls across the network exceeded $60 million, accounting for 95.88% of the total liquidation amount. It's like the "gamers betting on an increase" being collectively forced to stop trading, and the buying power has been exhausted. More intuitively, the long positions in mainstream exchanges have almost been "cleared", with the proportion of long positions in platforms like Bybit and CoinEx exceeding 97%. The remaining bulls are also like frightened birds, and a slight decline will trigger panic selling, further accelerating the decline. The Fed "dampens the flames", and the expectation of interest rate cuts has completely cooled down Previously, everyone thought that the interest rate cut would continue in December, so they were bold enough to buy Bitcoin. Now, Federal Reserve Chair Powell clearly stated that "the interest rate cut in December is far from guaranteed", and the market's expectation of interest rate cuts has dropped from 90% to 67.8%. This means that "cheap money" will be less available. For high-risk assets like Bitcoin, no one is willing to buy heavily again; instead, they will sell and convert to stable assets like dollars and bonds, and the price will naturally lose support. Today's Bitcoin Trading Strategy sell：107000-108000 tp:106000-105000 sl：109000