There are some signals in the market, and I began to gradually reduce my position. To avoid misunderstanding, let me explain first that it is not the top that can be judged here. And it is also possible that it will continue to rise. But there are some signs that there may be risks, so you can reduce your position. But it is not a clearing of positions, nor a large reduction of positions.
Bad signals that have appeared:
1) The BTC ecosystem is flying around. It opens more than ten times at any time. In the BTC ecosystem, except for a few projects with valuable support. Most of them belong to MEME. This is actually in line with the situation that meme is hot and the market has peaked in the short term.
2) The market is weak. After the big positive line of BTC, the altcoin should have a wave of market. In fact, when we analyze the weakening of the market, we do not judge it based on the unchanging logic, but in combination with the current environment and market sentiment. For example, when BTC was pulled to 3.5w for the first time, the market would think it was a false positive, or the funds that missed the opportunity wanted to wait for a correction before buying the bottom. However, yesterday's positive line was different. It was the most certain time in the middle of the market, and the altcoin did not follow. This shows that risk funds have become cautious.
3) Since this wave of market, BTC has accumulated 35,000 inflows into the exchange. This is not a good signal.
Of course, it is still not completely certain that this is the top, because
1) The market did not show the hot sentiment in memory
2) In terms of technology and structure, BTC is still bullish
3) ETF expectations are still there.
The market trend is still very uncertain, and even if it is going to fall, many funds will still buy. Therefore, it is not appropriate to clear positions and reduce positions here. In order to deal with risks, you can do is to reduce positions appropriately. Then the word "appropriate" varies from person to person.
1) If the position is very heavy, you can consider reducing it a little more. I will reduce it to 7 levels. If you only have half a position, you may reduce it a little.
2) You can reduce the position of those who have made more profits, just take it as a profit. Anyway, it doesn't matter if you sell it fast
3) Reduce the position of those who are relatively weak, especially those who have held positions for more than two weeks and still have not risen much.
