LIVE💫Given your analysis that Bitcoin might see a 3% relief pump and altcoins might rally by about 10% before the dip continues, here are a few strategies you might consider:
1. **Partial Profit-Taking**: If you're currently holding short positions, you could take partial profits to lock in some gains before the anticipated relief pump. This way, you can reduce your risk if the market moves against you.
2. **Adjust Stop-Losses**: Tighten your stop-losses to protect your profits. By moving your stop-loss closer to the current price, you can limit potential losses if the market experiences the predicted short-term rally.
3. **Short-Term Long Positions**: Consider opening short-term long positions to capitalize on the expected relief pump. This could help offset any potential losses from your existing shorts during the pump.
4. **Monitor Market Indicators**: Keep a close eye on technical indicators and market sentiment. If the relief pump starts to materialize, you can adjust your positions accordingly.
5. **Diversify Across Assets**: Since you expect altcoins to have a larger relief pump than Bitcoin, you might allocate a portion of your portfolio to altcoins to take advantage of the higher anticipated gains.
Remember, market movements can be unpredictable, so maintaining flexibility and having a clear plan for different scenarios is crucial.
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