At this time, going long or short on $BTC is a bit risky. When it hits the old peak, you can short, but it might break the peak at any moment. Once it breaks the old peak, there could be a new peak to follow, so shorting $BTC is quite dangerous.
However, if you go long, you also can’t avoid corrections of 5-10%... So even those playing with 5x, 10x, or 20x leverage can easily lose their positions. $BTC at this point is something very hard to predict.
Instead, one can play $ETH or altcoins. $ETH is currently around ~3k$ - it has been suppressed for a long time, and soon, for an uptrend season to be clearly confirmed, $ETH needs to break the old peak to set the model for other altcoins.
So if you still believe in the cycle, believe in the uptrend, we bet that ETH will gradually rise to the old peak - the ratio of increase will be greater than the decrease. Therefore, although I do not encourage anyone to trade futures, if you insist on trading, going long on ETH would be more reasonable.
Of course, you must control the leverage at a low level; with low leverage, you can confidently invest a large amount, the profit calculated by % might not be high, but in terms of money, it’s still okay.
Or you can wait for some altcoins that have confirmed their bottoms and have been moving sideways for a few months. For example, $STRK has been hovering around the 0.32-0.45$ range for a long time... (...)
No matter what you play or how you play, you cannot avoid risks. But calculate the liquidation price of an order that you think, believe, it cannot reach... from there, adjust the leverage reasonably.
D
