Currently, the price of Bitcoin has reached 94,000. Hasn't it unknowingly risen by more than 10,000 points? A while ago, those who shorted at the highs easily grabbed 10,000 points. This is the profit-to-loss ratio of trading, the cost performance!
We have already reached the second take-profit target for shorting. This operation can end here, and we will wait for the next opportunity to layout trades. Bitcoin is already in a downward channel, and 90,000 is not a big issue. For those who want to hold spot for the long term, don't rush. You deserve to own Bitcoin at 80,000.
From a long-term perspective, this time of year is when Bitcoin tends to fall into pits. It is unclear how deep this bottoming will be or to what position it will reach. If it is indeed a true pitfall, I feel that the 80,000 level is not a difficult task. Therefore, be prepared psychologically, and don’t panic too much when it truly reaches this level. The sharper the drop, the stronger the bull market will be next year, with Bitcoin at 150,000 being a very high probability. In less than a year, you could easily double your investment. Such good opportunities are rare in traditional industries, so make sure to seize them.
Back to the Bitcoin market operation suggestions: Ever since Bitcoin started to change trend last week, I have encouraged everyone to boldly short at the highs. It’s not that I am certain it will drop, but the 107,000 level has too much cost performance. If it rises again, you can increase your position for more profit later. The drop brought an easy profit of 5,000-10,000 points. It’s not very easy to seize such opportunities in a short time. So for those who followed the operation, an average profit of 8,000 points means your assets have doubled, right?
Bitcoin is currently at the second target for downward movement. This means it still has further declines to go. The third target is directly reaching 90,000, so those shorting at this stage must not heavily invest; after all, it’s very normal for the market to be harvested through adjustments. You also need to set up stop-loss orders properly, as many points are not something you can catch by watching manually; only through orders can you do that.
When trading, avoid greed. This is also the purpose of setting stop-loss orders, to automatically complete transactions when expectations are met, instead of trying to earn more. There are plenty of opportunities; don’t just focus on one. If you can earn, that’s good, don’t you think? $ETH $ETH $SOL
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