Bitcoin fluctuated down from 12 o'clock to 2 o'clock, but as I predicted, it didn't drop much. Not only that, but it continued to fluctuate upwards, and has now once again broken through a new high to nearly 98,000!
Currently, the return rate for going long at this position is too low. You might try entering a short position. I'm not sure how much it will pull back, but at this position, a decisive short is advisable, with a low leverage point. I predict that there will be a big drop tonight or tomorrow. Of course, those who built positions at the bottom around 50,000 to 60,000 can try to take partial profits, buy back on the pullback, or just hold on until this bull market ends. I mean, 98,000 is still not the top, but there will be a significant pullback coming next.
As for altcoins, currently the focus is on shorting, many have already dropped a few days in advance, but there are some that have surged back during the decline, forming a second peak. It is safer to choose some that have opened high and are now dropping.
Many people have not benefited from this wave of Bitcoin's independent bull market; some have even resisted holding positions until now. But I have said that the upcoming altcoin bull market will be extremely terrifying, as a large amount of Bitcoin capital will flow back into altcoins, and currently, altcoins are still at a relatively low level. At that time, any random altcoin could multiply several times. Seizing this wave of market can really achieve a class leap. Many people don't know when the altcoin explosion will come. It's a simple judgment: one day you wake up and see a surge of several dozen points on the gainers list, or even a doubling in a day, then it's here! $BTC