Currently, the price of Bitcoin has reached 94,000. Is it unknowingly already over 10,000? Not long ago, those who shorted at the highs easily managed the 10,000 points; this is the profit-loss ratio and cost-effectiveness of trading!

The second take-profit target for shorting has already been reached, this operation can be concluded, and we will wait for the next opportunity to layout trades. Bitcoin has entered a downward channel, and 90,000 is not a big issue. For those who want to hold spot for the long term, don't rush now; the 80,000 Bitcoin is worth having.

From a long-term perspective, this period before the end of the year is when Bitcoin tends to bottom out. How deep this bottom will be and to what position is unclear. If it truly bottoms out, I feel that the 80,000 level is not difficult at all. So, it’s important to set your psychological expectations and not be too panicked if it actually gets to that level. The harder it falls, the stronger the bull market next year will be; a Bitcoin at 150,000 is also a very high probability. This way, you can easily double your investment in less than a year. Such good fortune is hard to come by in traditional industries, so make sure to seize it well.

Regarding trading advice for Bitcoin: Since the change in trend last week, I have encouraged everyone to boldly short at the highs. It’s not that I am certain it will drop, but the 107,000 level has too much cost-effectiveness. If it rises further, we can increase our positions and earn even more later. The drop has easily brought in profits of 5,000 to 10,000 points; it’s not very simple to seize such opportunities in a short time. Therefore, those who followed the operations have averaged an 8,000 point profit, doubling their assets, right?

Bitcoin is currently at the second target for the downturn. This means it still has to fall further. The third target is directly at 90,000, so those shorting at this stage must not use heavy positions; after all, it's very normal for the market to be harvested through pullbacks. You should also set up stop-loss orders; many points are not something you can capture by manually watching the market, only through orders.

In trading, greed is to be avoided, which is also the purpose of setting stop-loss orders: to automatically execute when the expected price is reached, rather than trying to earn more. There are many opportunities; don’t focus only on one. If you can earn, that’s good, don’t you think? $ETH $ETH $SOL