⚠️⚠️Attention!! After several days of fluctuating adjustments, Bitcoin has finally tested and broken the $100,000 barrier! Is this a spike or the start of a new round of increases? There are some things you need to clarify.
In previous articles, I have shared my personal views. In a bull market, the general direction is definitely upward, but before a real surge, the market needs a significant drop to compensate for the previous rise. Many people do not understand why. There is no reason; this is a pattern that will definitely appear in trading, just not knowing when it will happen! Rising can make you doubt life, and falling can also make you panic and despair!
Bitcoin has just broken through the $100,000 barrier, a historic moment. It remains to be seen whether it can hold. If it cannot stabilize, then we wait for a major drop. However, if it can hold above $100,000, there is enough room for further rises. Shorting strategies must take necessary precautions; otherwise, it is easy to get liquidated!
The reason Bitcoin broke through the $100,000 barrier is not due to any good news, but mainly because the market needs to harvest retail investors. The long-short ratio has shown a significant gap; after all, there are too many short positions. If they want to drop, the bears must first pull up the price a bit. In this situation, who would dare to short? When no one dares to short or hesitates, that is when the market makers begin to layout for a drop. You must have enough patience to wait for the market and not lose your composure! As long as you manage your positions properly and follow the market makers' thinking rather than reacting to market changes, no matter how long it takes, you will eventually become a winner!
I dare to short, do you? Let me see your answer in the comments.