11.20 Bitcoin's Last Wave of Rise Reminder
Bitcoin is highly likely to touch around 94500-95000, and Ethereum might reach 3260. Therefore, after the rise of Bitcoin, increase short positions, currently maintaining a basic position of 3%-5% in Bitcoin, with leverage suggested at 5-10 times, and patiently wait.
After this wave of increase breaks the previous high, it is highly likely to begin a real decline. Once there is a significant sell-off during the decline that is absorbed by leveraged lenders enticing a bullish sentiment, we will continue to increase positions using floating profits to amplify our holdings.
As everyone knows, we rarely hold a bearish position on Bitcoin. Since we are shorting this time, our reasons and confidence are very strong. In the future, Ethereum and other altcoins will face severe downturns. There is no concept of a bull market; it is just that Bitcoin has surged recently, but this is not a bull market. It is highly likely that the Americans are positioning themselves for a significant harvest. Additionally, with the recent failures of many American banks and the debt issues, we have ample reason to believe that this wave of Bitcoin may face the largest sell-off in history.
