The price of Bitcoin has been hovering at a high level, always wanting to break through the 100,000 mark, but it has failed every time.
It's like going to war; after several charges, the soldiers' energy will definitely wane over time. Especially this week, it feels like the risk of it falling has increased significantly. Just now, Bitcoin suddenly dropped by 2,000 points. Although this isn't a big movement for it, it does indicate its intentions.
This week is a bit different; it's Thanksgiving, so trading time has been reduced by two days, and the weekend is coming. Those big funds might not be able to charge as aggressively as usual. Whether Bitcoin can stabilize at its current price is really hard to say.
If I were the one controlling the market, I would definitely take advantage of the bulls not reacting yet and suddenly pull it down. Because there are many people waiting to buy at the bottom, and if they get trapped, it would be disastrous.
You should take a look at the liquidation data; if Bitcoin drops to 90,000, then 11 billion dollars will be at risk.
So, for the next few days, don't get carried away trying to chase the highs. The best strategy is to wait for a pullback. Don't always think that the market will only go up; it can also drop quickly.
You need to manage your positions well, keep 60% in spot and have 40% in cash. This way, the risk is much smaller.
Remember, money can’t be made infinitely, but losses can vanish in the blink of an eye. So, protecting your principal is the top priority.
Recently, I plan to set up a potential coin that is ready to explode; doubling is quite simple. At the same time, I am also looking for some potential coins to hold until the end of the year, with an expected growth of over 10 times being quite feasible. Spots are limited! If you want to follow along, click on the profile picture to follow me.