Bitcoin funds continued to flow in yesterday, so there is no need to worry too much about a sharp drop. The long and short operation points I mentioned earlier are still valid, and it is recommended that you consider entering the market when approaching these points.
Specifically, for conservative investors, you can wait for the Bitcoin price to approach $648 to consider shorting (short short), and when the price pulls back to around $614, it is considered an opportunity to go long (short long). For investors who are willing to take a slightly greater risk, $624 is another long (short long) position worth paying attention to, while shorting (short short) can be considered around $639. Regardless of the strategy, please set a stop loss. It is recommended that the stop loss point be set at $321 to control potential losses.
In addition, in the cryptocurrency market, popular projects such as wif, ens, mln, bonk, dogecoin, Ethereum and Bitcoin are currently in the initial stage and have their own potential. For investors who want to diversify their investments and capture market opportunities, these are all worth paying attention to. For more detailed analysis and investment advice on these projects, please click on my avatar for more information!
