To be honest, this week $BTC , I almost got washed out.
I surged at the higher point but didn’t hold it; when it came back, it went sideways. A bunch of people around me cut their positions too. I can understand it—after holding sideways for too long, you get anxious.
But I checked the big players’ positions at night and found that they haven’t reduced at all. They’re quietly adding back to their longs.
Do you think they’re stupid? No way. These people have more information than we do, more money than we do, and more patience than we do.
I think right now, this is the kind of position that’s neither up nor down. Retail can’t stand it and keeps selling, while the big players are slowly taking it in.
My own position hasn’t moved. I’m planning to keep holding. If it breaks the previous low, I’ll admit I was wrong. If it doesn’t break, I’ll bet it chooses to go up.
I surged at the higher point but didn’t hold it; when it came back, it went sideways. A bunch of people around me cut their positions too. I can understand it—after holding sideways for too long, you get anxious.
But I checked the big players’ positions at night and found that they haven’t reduced at all. They’re quietly adding back to their longs.
Do you think they’re stupid? No way. These people have more information than we do, more money than we do, and more patience than we do.
I think right now, this is the kind of position that’s neither up nor down. Retail can’t stand it and keeps selling, while the big players are slowly taking it in.
My own position hasn’t moved. I’m planning to keep holding. If it breaks the previous low, I’ll admit I was wrong. If it doesn’t break, I’ll bet it chooses to go up.
