๐ Analysis: Should you short-sell right now?
Famous trader Killa has just shared his perspective on strategy for the cryptocurrency market ahead of the midterm election in the US.
*Key takeaways from Killa:*
๐ธ Current: Still holding a long position because he doesnโt believe Bitcoin will make a new bottom.
๐ธ Forecast: The market may experience a risk-off (de-risking) phase after the election ends.
๐ธ Tactics: Donโt rush to open a short position as a hedge right now.
*Whatโs worth noting:*
๐ก History shows Bitcoin often tends to weaken after US midterm elections.
๐ก Instead of mechanically following cycles, investors should track the actual growth momentum before taking action.
๐ก Prioritize holding long positions and only consider counter-trades when there are clear signals from the market.
๐ Follow the Channel or leave a comment to discuss, everyone! โ Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC
Famous trader Killa has just shared his perspective on strategy for the cryptocurrency market ahead of the midterm election in the US.
*Key takeaways from Killa:*
๐ธ Current: Still holding a long position because he doesnโt believe Bitcoin will make a new bottom.
๐ธ Forecast: The market may experience a risk-off (de-risking) phase after the election ends.
๐ธ Tactics: Donโt rush to open a short position as a hedge right now.
*Whatโs worth noting:*
๐ก History shows Bitcoin often tends to weaken after US midterm elections.
๐ก Instead of mechanically following cycles, investors should track the actual growth momentum before taking action.
๐ก Prioritize holding long positions and only consider counter-trades when there are clear signals from the market.
๐ Follow the Channel or leave a comment to discuss, everyone! โ Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC