Regarding $BTC, I reiterate my previous view: For spot holders, aggressive operations should be avoided, especially when the market is turbulent. It is best to remain patient and wait until the end of the November election or further in the future before making a decision. Although the current price has exceeded $61,300 and reached $63,500, if you hold spot with the idea that "the bull market will come", you may ignore the risks and continue to hold until BTC collapses. In the end, it is not only unprofitable, but also may be deeply trapped.
For the overall trend of the market, we should maintain a clear understanding, and even in the face of short-term capital-induced pull-ups, we should not be easily shaken. Only by being firm in our hearts and not being disturbed by the outside world can we capture the bargain-hunting opportunities that others miss when the market is sluggish.
As for contract trading, I adhere to the strategy of "going short at highs, doing short waves, and then exploring the long line when there is a chance." What is emphasized here is the short-term technology of contract trading, such as the "Short Exploration Method", which are all operating techniques tailored for contracts. Last night's market fell from $61,300 to $59,400. For short sellers, this wave of operations was undoubtedly successful. But there are always people who take things out of context and blame the bears. However, in a market controlled by big data and capital, short-term fluctuations are inevitable. The important thing is to grasp the general trend.
For contract players, most people's goal is to make waves and make profits through technical analysis and market trends. Once the band operation is successful, it should be exited in time with profit, rather than being greedy and trying to get more. At the same time, contract operations should give priority to the band. If there is an opportunity within the band, consider the long line, and the stop loss point should be set after the profit point.
I am personally waiting for the market reaction after the BTC crash to observe those who lose their minds in the market fluctuations. Before, I predicted that the market would fall to $50,000 or even $48,900 at $68,000. Although the price rebounded in the short term, the market eventually developed according to my prediction. Most of those who blamed me at the time suffered losses later. And I successfully made profits from market fluctuations through the contract's strategy of "focusing on high altitude, first short-term waves and then exploring the long line".
