Bitcoin fluctuated down from 12 AM to 2 AM, but as I predicted, it didn't drop much. Not only that, it continued to fluctuate upward, and has now once again broken through to a new high nearing 98,000!
Currently, the return rate for going long at this position is too low. You can try to enter a short position. I am not sure how far it will drop, but decisively short at this position with low leverage. I predict there will be a significant drop tonight or a little later tomorrow. Of course, those who built positions at the bottom around fifty or sixty thousand can try to take profit on part of their positions, buy again during the pullback, or you can just hold on and wait for this wave of bull market to end. I mean, 98,000 is still not the top, but there will be a larger pullback coming next.
As for altcoins, currently the main strategy is to go short. Many have already dropped for several days, but some have rebounded sharply during the decline, creating second peaks. It’s safer to choose those that are starting to drop from high positions.
Currently, many people have not benefited from this independent bull market of Bitcoin. Some have even been holding against the trend until now. However, I have said that the upcoming bull market for altcoins will be extremely terrifying, as a large amount of Bitcoin funds will flow back into altcoins. Currently, altcoins are still in a relatively low position. At that time, any random altcoin could multiply several times. Seizing this market can really achieve a class leap. Many people do not know when the explosive rise of altcoins will come. It’s a simple judgment: on a certain day, when you wake up and see a batch of dozens of points in the rise list, or even double in one day, then it has arrived! $BTC