$BTC $ETH

Overall Analysis!

From now on, Bitcoin is no longer bleeding others dry, but instead starting to 'bleed out'. The fact that altcoins are not following the drop proves that as long as you play with the leading coins or strong coins, and do not chase high prices, there is a high probability of not losing money.

We have now reached the second phase.

Bitcoin is allowed to drop to around 91,000 at the lowest. It has risen over 30,000 points from 68,000 to 99,000, and it is permitted to give back one-third of the funds to Ethereum and altcoins.

Yesterday, I mentioned in the previous post that pullbacks are necessary; a violent surge without a pullback is unhealthy. The 5,000-point pullback I anticipated yesterday has now reached 99,500 - 94,400 = 5,100 points. Now is not the time to recklessly go long; personally, I see a pullback of near 10,000 points, and I am placing long orders at 91,000. If I don't get filled, I won't lose anything. (Going short is not recommended as the overall trend is still upward.) If you are considering small-scale short trades, just ignore what I said; I favor larger-scale trades.

As for my situation:

I suffered heavy losses from shorting Bitcoin in early November, but in late November, I crazily recovered with altcoins.

Yesterday, I didn't get filled for a long order at 95,700; now I will adjust my order to go long at 91,000.

The holding situation of altcoins is shown in the image below; I have taken half profits on Dogecoin and ETH, with new Dogecoin at a long-term target of 20,000 dollars.