In the current market conditions, it is advisable for investors with average trading levels to avoid short selling as much as possible. The logic behind short selling is much more complex than going long; it is not always suitable to short just because prices are falling, nor is it guaranteed that significant price increases mean you can short.
1. Without a major divergence signal (daily or higher), it is not advisable to short recklessly. Otherwise, if profits are not taken in time, one may easily be consumed by a price surge or rebound.
2. Avoid shorting unless in a strong oscillation zone. For example, in the range of 76600-77700, one can attempt a short position.
Before reaching a phase high, it is not suitable to short. For instance, 79600-80000 as a round number and phase high is a better position to sell high.
3. Even if the price rises to 98000, as long as it does not touch liquidation levels, there are still opportunities for profit from a pullback. After all, even if it rises to 100,000, the bottom support remains at 72000. #BTC翻倍之路
#DOGE看涨情绪飙升 #美联储利率决议来袭 #山寨季将至?
I am a long-term bear, if you currently do not know how to position yourself, feel free to reach out to me for discussion!