Bitcoin broke 105,000, reaching a spike at 106,000! For those who have been shorting at highs, have you entered the market? My order at 104,888 was successfully executed, but the order at 107,888 did not get filled. The reason for setting such a high target was to hope to enter through the spike. Spike trading should ideally be done through limit orders, otherwise, you'll definitely miss the best entry points.

Trading is like life, with its ups and downs, and numerous challenges. The fluctuations are a struggle for many, but for some, they present opportunities! The difference in outcomes comes from the actions you take based on market conditions, which is your trading strategy. No matter what, as long as you are not acting against human nature, there is a great probability that you have already entered the full set of the big players; in fact, this is the essence of trading! Overcoming human nature is a necessary lesson in trading!

Returning to Bitcoin trading advice: Regardless of what price Bitcoin may rise to next, the risk-reward ratio of shorting at highs is still higher than going long at lows. If you don't believe it, let the results speak for themselves. Bitcoin has been rising for several months, and many who are truly bullish have not achieved good results. This is a fact! Those who do nothing in long-term trading end up being the big winners. Many people understand this principle but cannot strictly execute it, after all, it's trading, and few can overcome speculative psychology!

At this stage, if you are shorting at highs, you must pay attention to position management. You should enter in batches. Let me reiterate my approach to position sizing: for example, with 10,000 USD, split into two parts of 5,000/5,000, or 4,000/6,000. First, take one part of the capital and split it into three phases to enter, finding key entry points based on technical indicators, setting up limit orders for entry. Once entered, set up exit limit orders for profit-taking. If all three entries are made and the market has not reversed, add the remaining margin and use the additional two for averaging down. Most of the time, the market doesn't require additional funds to take profits; only in rare cases will such actions be necessary. Even after averaging down, you may need to make a final counter position to prevent liquidation, as the position can be too heavy. This is the thought process I wanted to share.

I have been continuously trading trends for two to three years, adopting this way of thinking. The specific details may vary from person to person and depend on market conditions. I hope this is useful to you.