Is this considered bottom fishing?
Will it continue to decline?
Given the current situation, the severity of the drop in Bitcoin means that the rebound will not be small, so do not blindly chase shorts. Just because you are bearish, doesn’t mean you should short. Out of the top thirty liquidations across the entire network in the last 24 hours, there was only one short position. So if you were the market maker, would you let so many shorts survive?
Sometimes, blindly following the trend is really a good thing? Yesterday, Mu Bai's bottom fishing failed, losing two trades, but today this trade succeeded, and I am currently still holding it. The market changes frequently, and if you remain unchanging, then you will forever just be a toy in the hands of capital! Therefore, we need to have our own ideas and judgments when trading, not just follow the trend!
