#BTC Bitcoin’s rally this round is moving far too fast—so many people got liquidated while still in a daze, rising by 15,000 points in just three days.
I don’t mean to mock the bears; my short position also stopped out decisively after holding steady above 70,000. If I can’t handle it, I truly can’t handle it. Without the stop-loss, I guess I’d be unable to eat or sleep right now.
What if I lose money? Then you review it. If you can’t beat them, join them. Bitcoin and Ethereum have risen so much that it’s not something I dare to chase—so then you chase the altcoins. Altcoins have been suppressed for such a long time; once this wave of heat picks up, they will inevitably follow higher. Where can “Big Cake” keep shorting from? I don’t know.
Wait until it prints a new high, then pull back—if the second rally doesn’t break the previous high, should you place a late, right-side short position then?
Will “Big Cake” drop again to below 60,000?
This question depends on the height of the next push: if it breaks 80,000, then basically the low of this round at 57,500 can be confirmed. Then, if it falls back below 70,000, you can start setting up long-term spot positions.
The purpose of this rally isn’t to liquidate shorts—it’s to push up spot prices. With spot buying for the ETF, “Big Cake”’s upward phase is still mainly during the US session and the European session; the downward pressure doesn’t have that much effect. Also, short squeezing: it looks more like shorts are getting squeezed rather than a simple, one-time liquidation of shorts. If it were purely to trigger contract liquidations, the price would have fallen back long ago. This rally feels more like a move to raise the price for distribution. Since it’s raising for distribution, “Big Cake” won’t keep dropping in the short term.
Don’t guess the bottom or touch the top. Confirm your trading thesis—only trade on confirmation.
In the short term, I’d rather trade altcoins. The logic is what I said: altcoins have been squeezed for too long and need an outlet.
Spot first—futures are easy to get shaken out by volatility.
Personal view only, not investment advice.
I don’t mean to mock the bears; my short position also stopped out decisively after holding steady above 70,000. If I can’t handle it, I truly can’t handle it. Without the stop-loss, I guess I’d be unable to eat or sleep right now.
What if I lose money? Then you review it. If you can’t beat them, join them. Bitcoin and Ethereum have risen so much that it’s not something I dare to chase—so then you chase the altcoins. Altcoins have been suppressed for such a long time; once this wave of heat picks up, they will inevitably follow higher. Where can “Big Cake” keep shorting from? I don’t know.
Wait until it prints a new high, then pull back—if the second rally doesn’t break the previous high, should you place a late, right-side short position then?
Will “Big Cake” drop again to below 60,000?
This question depends on the height of the next push: if it breaks 80,000, then basically the low of this round at 57,500 can be confirmed. Then, if it falls back below 70,000, you can start setting up long-term spot positions.
The purpose of this rally isn’t to liquidate shorts—it’s to push up spot prices. With spot buying for the ETF, “Big Cake”’s upward phase is still mainly during the US session and the European session; the downward pressure doesn’t have that much effect. Also, short squeezing: it looks more like shorts are getting squeezed rather than a simple, one-time liquidation of shorts. If it were purely to trigger contract liquidations, the price would have fallen back long ago. This rally feels more like a move to raise the price for distribution. Since it’s raising for distribution, “Big Cake” won’t keep dropping in the short term.
Don’t guess the bottom or touch the top. Confirm your trading thesis—only trade on confirmation.
In the short term, I’d rather trade altcoins. The logic is what I said: altcoins have been squeezed for too long and need an outlet.
Spot first—futures are easy to get shaken out by volatility.
Personal view only, not investment advice.