I took profit on my short position. Regardless of whether the price falls or not, I operated steadily. Now I have at least 1,100 points of profit.
交易员密虎
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Good afternoon everyone, I am Trader - Mi Hu.
For the intraday short position of $BTC , I announced the entry points yesterday, 68200-68600, and I have already taken profit on 40% of my position, the rest I will continue to observe. Those who have been following me in recent days can check out my previous posts, they are relatively stable, and those who follow will definitely benefit greatly. Of course, I have also had losses in my own trades, currently holding two positions as shown in the picture. Besides Bitcoin and Ethereum, the rest are small positions. Having suffered significant losses in altcoins, I am cautious about my strategy.
On the market: 1. Currently, Bitcoin $BTC has risen to 68400 and started to stall, slowly retracing. I personally still maintain the view of further retracement, and when it retraces to around 65555, I will close my short and go long; if it retraces to around 64500, even better, I will add to my position.
2. If the market continues to oscillate this week, there is no need to strategize; I will directly close my shorts and consider adding to my position once it stabilizes above 68000.
3. Currently, only Bitcoin is strong, while other altcoins are declining. It is likely that once Bitcoin stops rising and consolidates, altcoins will catch up. Currently, they are following Bitcoin down rather than up. As for Ethereum's potential catch-up, I feel there is still significant room for growth.
In terms of operations: 1. Close the short at 68200 at 65555 and reverse to go long; if it continues to oscillate without breaking down, just close it directly. 2. Place long orders near 64800-65500, aiming for a take profit at 70000 and stop loss below 63000. 3. Start building medium to long-term short positions at 69200-71000.
Thank you for following Mi Hu, and feel free to communicate.
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