First, many people have urged me to update my analysis recently, but to be honest, I really don’t want to post it, because every time I post it, someone will jump out and say “you only say it after it falls”. This is completely nonsense. For example, in late November, when $BTC rose to more than 99,000, I said that the market would have a 4-hour correction below 100,000. Later, Bitcoin did rise temporarily, but I didn’t update my analysis. Later, when Bitcoin rose to 104,000, I said that there would be a daily correction below 110,000, but it was also a temporary high point, and it didn’t break through 104,000 for more than a week. So, this rumor is self-defeating.
Secondly, some people say that my short position at 71300 at the end of October was nonsense, and there are screenshots as proof. I’m really speechless. At that time, I was taking a 4-hour timeframe short position, which was fine. Later, Bitcoin had six consecutive daily bearish candles; where did that short position go wrong? Although it didn’t reach my take-profit points of 66000/64500, stopping at 66900 and incurring a loss, the 4-hour pullback did happen, I just didn’t expect it to reverse directly. Also, I didn’t only short at 71300; I also did it at 65800 at the end of September. Why didn’t anyone take screenshots then?
Thirdly, saying that I blew my position in copy trading is even more absurd. I have been leading trades since September, and I haven’t blown a single position since then. I haven't even replenished my margin, so how could I blow it?
Fourth, people say I’m scared and don’t dare to average down at a high position. I had a short position at 93800 and added positions at 98000 and 107000, with an average price of 98700. I can show you the screenshots. The copy trading system can't average down because the leverage was set to 5 times, and the margin increased accordingly, making it impossible to average down. I’ve explained this before.
Also, the market analysis hasn’t been updated recently mainly due to lack of time. However, I can tell you something; I couldn’t say it before due to confidentiality, but now I can reveal a bit.
There is a super big institution that bought a lot of Bitcoin at a high point of 98000, and the news was all over the place. But they sold at 102000. Not only did they sell, but starting from early December, they also distributed USDT to European and American partners, wanting to convert it into fiat currency through global hot money. On my side, my dad asked me to go to Hong Kong to handle the conversion of 200 million euros of USDT into fiat. I’ve been very busy recently and have to go to Hong Kong next week.
I also found many USDT traders and plan to sell USDT in batches. Just to say, they don’t even want USDT now, let alone Bitcoin.
As for whether they will buy again after the drop, I don’t know. I can only say what I know.
Are you stuck in a loss? When will it be a good time to buy the dip? Still, the same saying: if you feel confused and helpless and don’t know what to do, click on my profile and follow me. I need followers, you need references; guessing blindly is worse than following!
