Bitcoin is beginning to push higher; is this the rhythm for a breakout? How should we proceed next?
At this moment, it's crucial to remain calm and not recklessly charge into the fray. This position is likely to excite many newcomers and trigger dopamine release. This location is the critical high-pressure zone for seeking thrills and instability. It may appear to be continually rising, but you must stay alert and not be misled by the dopamine rush! The more exhilarating it is, the more painful it can become (after 4-5 days).
At this moment, facing multiple high-pressure lines, chasing high to go long is definitely not rational. If you have no positions, it's better to watch and wait for opportunities. Don't charge in; no one is awarding you. Many people shout that the market will surge to $80,000, but where is the money coming from? Trump? Currently, the market is a stock market; when Bitcoin rises, look at how much other altcoins have risen, some aren't rising at all and are even falling. This is the essence; don't think about chasing. Right now, it's a high-pressure line; chasing could lead to an explosion.
Given the current situation, the resistance for Bitcoin looks strong. Many people who took profits at the critical resistance zone of $73,000 are being conservative in their operations. Stay calm and somewhat conservative, as Bitcoin has risen to $73,600, just a couple of hundred points away from the previous high. This indicates the main players' goal is to break historical highs. At this moment, do not open large short positions. I tell everyone to short at highs, aiming for short-term gains of around 1,000 to 2,000 points, with positions not exceeding 10% of total holdings. Leverage should not be pushed to maximum; aim for 30 to 50x leverage on Bitcoin while using incremental positions.
Such operations can secure family members' account risk management. Even if mistakes are made, safety can be ensured, and we can still profit quietly, accumulating wealth without triggering inner greed.
Why use incremental positions?
First: Automatically set a forced stop-loss position; for those who can't stop-loss, this serves as a fuse.
Second: Incremental positions can ensure your account's safety and won't be troubled by holding positions. If mistakes are made, simply cut losses at the target without letting it drag you down, which could create anxiety. Take a break and await the next opportunity; going all-in could lead to liquidation.
Third: Incremental doubling allows you to take profits out, which can be used to open new positions, flexibly employing profits to build larger positions.
The incremental position taking method is also a short-term strategy I often use. With this method, I've managed to grow my account from $1,000 to over $80,000. In this market, contracts don't guarantee perpetual profits; the end is liquidation! Risk management should be the first consideration, followed by other factors. Plan your profit strategy reasonably, don't fear the market, embrace it, and increase your position's leverage.
The bigger the storm, the more valuable the fish; as long as you don't perish, you can profit from the trend's development.
How about trading a strong coin like Neiro?
Seek victory steadily, managing positions at $165, $160, and $155. Use 2, 3, and 5 in positions. With a total capital of 10,000, allocate 2,000, 3,000, and 5,000 respectively. Manage your positions well, and we can win. The target positions are directly $176, $181, taking profits at $5.5. This coin is very volatile, fluctuating 20 points back and forth; positions must be managed carefully.
Recently, the blockchain gaming sector has been performing brilliantly.
BIGTIME and PIXEL are fierce; YGG is barely keeping up. PORTAL is lagging.
Sun's Ethereum position is suspected to have an unrealized loss of $90.2 million this year.
According to data provided by Scopescan, Sun has purchased 186,110 ETH (worth $590.24 million) on CEX and 1inch this year, selling only 10,000 ETH, with an average holding price of $3,100.
Based on the current price of Ethereum, his Ethereum position has an estimated loss of about $88 million. Additionally, Sun deposited 30,000 ETH (worth $115 million) into Kelp, which is now valued at $79 million. He also used 32,000 stETH on Pendle to purchase PT-pufETH, converting it into 3900 pufETH and 28,000 eETH, incurring a total loss of $3.48 million.
Through airdrops, Sun acquired 97,000 PUFFER and 297,240 EIGEN, profiting $1.268 million. In summary, Sun's Ethereum position has brought him an unrealized loss of $90.2 million this year (excluding any hedge positions he may hold).
