My trading strategy is straightforward. I welcome your feedback, Criticize welcome.
Earlier today, #Bitcoin briefly surged to $57,000, supported by strong rebounds in the Japanese and Korean stock markets. $BTC even touched $57,300 before falling back below $57,000. It's almost humorous to think that just a few days ago, when Bitcoin dropped from $69,000 to $66,000, many saw it as a prime buying opportunity. Now, $66,000 seems distant. The market is complex, with a mix of positive and negative news, coupled with unexpected events like elections, wars, government crypto sales, Mt. Gox repayments, bankruptcies, and hacker activities, making decisions challenging.
Currently, my strategy is to maintain a long-term bullish outlook while shorting at market highs to hedge against extreme risks. Safety is my priority over immediate profit. While the belief in a future Bitcoin surge remains strong, driven by the accumulation by ETF institutions and whales, the journey could be long and difficult, especially for retail investors with altcoins. In this uncertain market, it's crucial to stay cautious, avoid impulsive buys, and be prepared to hedge risks during rebounds. What’s your take? Feel free to share your thoughts and participate in the official interactive activities with prizes.
