I mentioned on the 8th that the air force is still waiting, it's safer to wait until Monday to see a double top before going short.
However, I couldn't resist and opened a short position in the early morning, and got stopped out by 9.
It's really been unlucky to short these days, constantly getting hit. Prices seem to be skyrocketing, either hitting previous highs or making new highs.
Even over the weekend, I ended up losing money, and the liquidation amounts are shockingly large; the shorts are suffering heavy losses.
The fear and greed index is at 78, indicating extreme greed. Everyone is afraid of missing out on opportunities and is rushing to enter the market, which makes liquidation even more likely.
Previously during the fluctuating market, making a few day trades and earning some profits felt satisfying. But when it comes to such a big trend, it's completely missed. This big bull run has been missed; this wave of increase has no pullbacks, and I don't dare to jump in. I wonder how many have managed to catch this trend?
Sometimes I can't even hold the coins I promote myself; some people hold on and still make money, while some newbies in the square buy a few dozen dollars and end up making hundreds of times profit. It's hard not to be envious.
Now Bitcoin only has support and no resistance, and it doesn’t give you an opportunity for pullbacks. The market is somewhat overheated, so it's still wise to open positions cautiously and control your hands. Both long and short positions aren't safe; it’s just worrying if the market suddenly takes a sharp turn.
