Currently, the price of Bitcoin has reached around 107,000, and the opportunity has arrived! Just boldly short it; a significant drop could wipe out 10,000 points!
A couple of days ago, the first batch of Bitcoin was already in place after the spike, and tonight the second batch should enter around 108,000, with the third batch around 109,888. Just set your orders; once there’s a drop or a spike, it could lead to thousands or even tens of thousands in profit points. Can you make that much by going long? This is the risk-reward ratio of trading.
Currently, the Bitcoin market continues the familiar formula, breaking upwards overall, occasionally dropping due to spikes. This doesn’t mean a big drop won’t happen; it’s just that the bait for more buyers hasn’t been set yet. Remember, the longer the price rises, the more it rises, and the bigger the drop will be. It’s always easier to drop than to rise, and for the big players, harvesting is quite easy. Don't be a fence-sitter; trading must go against human nature!
I have already detailed the specific operational guidelines for shorting at highs in my previous articles. Everyone should set their operational details based on their own situation. In short, regardless of the trading method, do not use heavy positions, especially in the crypto space, where heavy trading is a major taboo!
Trading is like life; nothing is always smooth sailing. What seems right often isn’t. These things don’t matter; what matters is being on the right path and achieving better results over time.