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I often see people asking when it will be a good time to short. To be honest, I really don't know; this is all about guesswork. The day before yesterday, Bitcoin surged to 106666 and then started to decline. Yesterday, it rose to 107777 and began to oscillate at a high level. Such numbers seem too coincidental or perhaps just too appealing, right? Is tonight going to be 108888? Or will it jump straight to 109999?
Since Bitcoin keeps creating historical highs, we are all witnesses and participants. So when you ask me when it will be a good time to short, there is no basis for that. Isn't that just trying to call the top? Guessing the top in a bull market sounds crazy and absurd, so I can't tell you where to short. What I can tell you is that when there is a pullback, it’s good to add longs, and then take profits in batches. I don’t recommend chasing longs directly; instead, you should wait for possible support levels that could rebound and set up low longs!
This morning, Bitcoin allowed for a long entry at 105800, and didn’t it rise to around 107300? That’s already a profit of 1500 points. After reducing the position, change to a breakeven stop loss; this way, even if it dips, it won’t hurt us. We can just buy back the longs at a lower price!
Ethereum also allowed for a long entry around 3940 this morning. After catching the dip, it rebounded to a peak of 4040, which is nearly a 100-point profit, right? Yesterday, on Monday, it went from above 3950 to 4100, capturing 160 points. The day before yesterday, it went from 3830 to 4000, capturing 170 points. Ethereum is actually quite easy to trade!
Currently, those holding long positions can reduce their positions, hold patiently, and then change to a breakeven stop loss. The voices of the bears in the market are deafening, so we have to acknowledge the risk of sharp dips. The market is ever-changing, and anything is possible. What we can do is to control risks in advance and avoid risks! #加密用户突破1800万 $BTC
Since Bitcoin keeps creating historical highs, we are all witnesses and participants. So when you ask me when it will be a good time to short, there is no basis for that. Isn't that just trying to call the top? Guessing the top in a bull market sounds crazy and absurd, so I can't tell you where to short. What I can tell you is that when there is a pullback, it’s good to add longs, and then take profits in batches. I don’t recommend chasing longs directly; instead, you should wait for possible support levels that could rebound and set up low longs!
This morning, Bitcoin allowed for a long entry at 105800, and didn’t it rise to around 107300? That’s already a profit of 1500 points. After reducing the position, change to a breakeven stop loss; this way, even if it dips, it won’t hurt us. We can just buy back the longs at a lower price!
Ethereum also allowed for a long entry around 3940 this morning. After catching the dip, it rebounded to a peak of 4040, which is nearly a 100-point profit, right? Yesterday, on Monday, it went from above 3950 to 4100, capturing 160 points. The day before yesterday, it went from 3830 to 4000, capturing 170 points. Ethereum is actually quite easy to trade!
Currently, those holding long positions can reduce their positions, hold patiently, and then change to a breakeven stop loss. The voices of the bears in the market are deafening, so we have to acknowledge the risk of sharp dips. The market is ever-changing, and anything is possible. What we can do is to control risks in advance and avoid risks! #加密用户突破1800万 $BTC
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BTC
106,500
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ETH
3,930.56
-3.80%
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