Currently, Bitcoin is around 95,000, having dropped more than 10,000 points compared to some time ago. Many people may be itching to buy the dip, how about you?
Everyone understands a principle: the more money you make, the longer your perspective and the more comprehensive your considerations. This is also true in the trading industry. If you only consider technical indicators reaching a certain standard before acting, congratulations, you are already on the road to loss!
Many people say they can profit 8 times out of 10! This is true for you, but do you think the market cares how much you win? What it cares about is whether you want to continue playing. As long as you keep playing, your operations are destined to incur a significant loss at some point, taking back both your principal and profits! To be honest, this is essentially no different from gambling!
Fair gambling plays with probabilities, and trading is the same. Therefore, the core of trading is to control risks as much as possible while amplifying the probability of winning. No matter how much you win, winning is the correct outcome. There are only two types of people who really achieve results in the crypto space: one is lucky and skilled enough to encounter a once-in-a-lifetime opportunity, and the other is the group that engages in long-term thinking and trading. The so-called long-term is actually trend trading, betting on what price range will be reached at some future point in time.
During this time, I have mainly been shorting, and although Bitcoin has been rising, my profits are not inferior to those who have been going long. For me, it’s also about probabilities and profit-loss ratios. The thought process is simple: in a continuously rising market, is it easier to rise quickly or to fall? Once it reaches a certain point, a decline is inevitable, and it may be significant. I seize this point, and besides, using strategies like entering in batches and reserving margin gives me enough room for trial and error.
Currently, the market hasn't changed much; it's just oscillating within a range. The reason for the sideways movement is that the market is choosing a direction, but in fact, the market maker is observing the reactions of bulls and bears before making the next harvesting move. This is what is known as big data killing familiarity! How to avoid being mistakenly killed? It’s simple: don’t trade or trade against human nature!
Next, I will continue to focus on shorting at highs, with light positions. The downside potential is still very large, while the upward momentum seems weak. If trading spot, don’t rush; owning Bitcoin at over 70,000 is worth it! $BTC