Hello everyone, I am Trader - Mi Hu.
I believe many people are shorting the market right now. As I mentioned yesterday, from a technical perspective, after 80,000, it’s a shorting market, but in reality, Bitcoin keeps reaching new highs, and the lagging Ethereum made some recovery yesterday, while other altcoins are still struggling.
100,000 for Bitcoin is indeed a major threshold, but what I want to say is that this year's market is different from any time in the past. The biggest positive today is the new government's rise to power, coupled with the overall market's sluggishness, capital needs bigger places to generate profits. So there’s a saying in the market: follow the policy, and you’ll get both soup and meat. The real rise in Bitcoin is driven by spot trading, which is different from previous contracts; you can still use the clearing map and technical theories, but this month's market is entirely controlled by institutions. Once it stands up, it won’t come down easily. Therefore, my strategy is: wait for a pullback to go long, not to short. If there are no opportunities, just stay out and observe.
Right now, there are no short signals. Instead of trying to pick a top, it’s better to wait for a short signal to enter the market. If you can't capture 5,000 points in profit from the top, can you really capture 3,000 points on the right side? It’s definitely better than repeatedly trying to pick a top and stop-lossing.
Additionally, although around 99,000 is an ideal short position, it’s precisely because it’s too ideal that I choose to enter on the right side instead. Think carefully about this.