The price of Bitcoin has risen to a previous high, reaching over 73,000.
It is important to note that this price level is quite high in Bitcoin's historical prices, and only 7 months have passed since the last time this price appeared.
In this situation, we cannot rule out that some investors may choose to break even.
These investors may have missed the opportunity to take profits initially or bought in at a high point.
Their actions to break even could likely lead to a correction in Bitcoin's price.
The current market sentiment is still FOMO (Fear of Missing Out), and the overall trend remains upward, with a strong bullish atmosphere.
However, personally, I would choose to wait and not make any moves today.
Shorting in a bull market already faces huge risks, and now chasing high prices carries considerable risks as well. Therefore, I personally decide to maintain a wait-and-see attitude👗👆
In such market conditions, waiting for a price correction before going long will enable a more effective increase in win rate and a decrease in risk.
