July #BTC☀ Plan: Can BTC Reach $65,000 - $66,000?
Currently, Bullish volume is rising again, and Bears need BTC to reach higher levels to short. After the German government panic-sold some BTC, Blackrock scooped up $121M worth at a great price today.
What to Do if BTC Really Increases? (If You're Already Holding)
Option 1:
If you're not confident, you can withdraw a portion of your capital to minimize risk and sleep better, avoiding the fear of a price crash due to whale dumping 🤪. If the market drops, you can DCA. If the market continues to uptrend, accept having excess cash on the sidelines.
Option 2:
You can buy weekly Puts, amounting to 1-2% of your portfolio each week, to ensure that if the market declines, your portfolio isn't too heavily affected, and you even have more USDT to DCA into better positions until BTC confirms a reversal. If the market continues to uptrend, you'll gain an average of 5-10% daily, covering the cost of Puts and making a good profit.
Both options reduce risk, but the first option may limit opportunities more than the second.
However, choose your method based on analysis, knowledge, and personal traits. Good luck bringing in foreign currency 🤑.
4o