Recently, many partners have come to ask me during the Binance Square live broadcast about how to look at the current market. I heard other bloggers say that #BTC will drop to 60,000, 70,000, or 80,000. What should I do now? Should I clear my positions?

Just because someone else says it will drop to a certain extent doesn't mean it will definitely drop that much. You need to have your own investment logic, and also consider the investment cycle. If you are focusing on short-term, then play short-term; if you are focusing on medium to long-term, then play medium to long-term.

Including a few days ago when the market fell to the bottom, I still told everyone that those with a medium to long-term view could build a position of 30-50%. I have been encouraging everyone to buy for several days in the live broadcast. Why didn’t I tell everyone to go all in? Because I was still worried there might be another pullback. After that pullback happens, I would call for everyone to buy the remaining half of their positions.

Many people ask why I dare to buy a 50% position when I am worried about another pullback. This is actually a very good question. Because I am afraid of being wrong; what if it doesn’t drop? If it doesn’t drop, I will miss the opportunity and end up chasing the price at a high position. I don’t want to miss a big market trend just because I made a mistake once. Therefore, I choose to buy half of my position first, because I am bullish on the market outlook. It looks like a big bull market, so I cannot make such a mistake. When it’s time to build a position, I must not be hesitant. If there really is a short-term pullback, I can accept it, because the downside space is limited. This is actually a matter of position management. If you go all in and then there’s a pullback, you become very passive. If you have the remaining half to average down, you can take the offensive or the defensive.