When #BTC☀ reached the 90,000 mark, the market's greed indicator reached an extremely greedy 90. In recent days, it has been constantly testing to break through the previous high of 93,000.
The contract funding rate also reached a relatively high level of 0.03%.
So in the current market, what is the most cost-effective trading method?
After Bitcoin entered a new range with great strength, it is currently experiencing a volatile market.
1. If the price breaks through the 93,000 range in the short term and then quickly returns to the range, then the funding rate should be higher at this time, and the funding rate for short selling can be profitable.
2. If such a market situation occurs, it means that the sideways consolidation time is not enough and the market does not accept higher prices, so it is necessary to look for new support downwards. It may fall below the range in the short term, but I think it will take a longer time to fall below.
3. Even if it falls below the range, it cannot be regarded as the beginning of a short position, but only as a correction of this wave of rise.
4. Therefore, short selling is the most cost-effective trading method in the current market. As for whether the market will give you an opportunity, you need to wait patiently. What’s more important is that you are in a short position, not in a carry position.
