Looks like it’s really going to lose money and go lower? I

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Looks like it’s really going to lose money and go lower?

I took a look at Bitcoin,
and it’s falling again.

Then I looked at gold,
it’s rising.

That makes me think back to the previous linkage effect between gold and Bitcoin:
Bitcoin’s rise tends to be a bit slower,
so let’s give it a little more patience.

$BTC

疯狂的Jerrick

If I have to choose a direction to lose money, I’d rather go long!

After waking up this morning,
I initially saw the market rebound a little,
and it still looked weak,
so I ended up shorting a few positions in line with that.

But when I woke up and checked again,
I closed all my short positions and switched to longs. The reasons are as follows:
1. The conference has already ended, and everyone now has time to provide liquidity to the market.
2. I saw several big V accounts all calling for a long.
3. The technical setup has already dropped too much; even though the short-term downtrend is clear, a rebound can’t possibly be only this small.
4. There may be opportunities to short later this afternoon, but if I have to choose a direction to lose money right now, I choose to go long.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

BTC+0.30%

XAU+0.08%