No matter what, Bitcoin has moved in an irregular manner, ultimately reaching the milestone of 100,000 US dollars, and it indeed seems to have stabilized. This presents a dilemma for traders! Can it hold and continue to rise, or will there be a downturn? Until the trend changes, no one can draw a conclusion.
In contrast, over the past few months, Bitcoin's trend has been very strong, and many people have realized that a bull market is underway, but few have realized how quickly the market has come. Although I engage in trend trading, I also decide on trading strategies based on the short-term direction. If it is indeed confirmed to arrive this quickly, perhaps buying low for long-term holding could yield several times, even tenfold, returns, making it easier.
The charm of trading lies in the unknown; otherwise, it wouldn't be possible for the common people like you and me to profit from it! It's like praying to Buddha; if praying worked, do you think ordinary people would have the right to pray? Reality is that harsh. In trading, as retail investors, we are already in an unfair position. What we can do is to become the fish that slip through the net, rather than being the grass on the fence; otherwise, when the sickle swings down, we are destined to be harvested!
I believe that by 2025, Bitcoin's price should easily break 150,000 US dollars, or even higher! However, before that, I firmly believe there will be a significant washout. There is no reason; the financial market is all about profit, and those in power are ruthlessly harvesting. Before a true bull market arrives, they need more bloodied chips. They currently have some, but they will want more!
So let's follow their thinking, manage our positions well, and unless in extreme situations, you can't harvest me. When profitable, exit quickly. At the right time, set your strategy, open your mind, become the fish that slips through the net, and you will be the winner!
Next operational advice: Bitcoin is currently standing at 100,000 US dollars, which is a position to choose a direction. It is not easy to operate now; it is better to wait for a trend change signal. If you must operate, my personal suggestion is still to short on highs, and you must use very small positions to test the waters. You absolutely cannot trade casually at this position; you need to ensure a certain trend, otherwise, you are just itching to trade, gambling!