September 19 VIP Closing-Trading Reversal Camp $BTC Contract

Direction: Short

Position: Around 81,500

Target: 80,000–78,200

Personal View: CFTC and SEC have continued to issue signals of regulatory relaxation. Spot ETF net inflows of $159 million in a single day have effectively “re-opened the gate,” and institutional buying is returning to the table. On the 4-hour chart, the MACD red histogram continues to expand, the KDJ is stalling at high levels—short-term momentum remains strong, but it has entered an overbought zone. The liquidation map shows that a large number of short positions have accumulated in the $83,000 to $86,000 area. Once price touches that zone, it may quickly break through due to a “short squeeze.”

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