Honestly, going short on Bitcoin at this level, the question of when to exit is crucial; no one can predict the bottom, so I'm preparing to take profits in batches
Next step is to look for accumulation opportunities; fans in the group have asked me multiple times when they can buy the dip?
Historically, every time BTC drops to or below the 200-week moving average, it eventually becomes a golden opportunity
As mentioned, no one can predict the bottom, so we’ll also accumulate in batches
For example, start with a 6k entry for 2 layers of position, buy 1 layer or 2 layers every time it drops 1000 points, once the position is full, just wait for the bull to return
Trading from start to finish, when viewed from the final outcome, is a very straightforward path; it will eventually get there, but along this timeline, there will be countless variables that can alter your personal results
It’s about how you think and what you ultimately do, and in the end, it will define your results
Trading requires a plan and the alignment of knowledge and action.
$BTC Long-term short gains hit double digits today
MicroStrategy sold 32 BTC last week, and with the recent lockdown in Hormuz + MicroStrategy starting to offload BTC, the big coin is teetering at the $70k mark.
I can only say, this is the power of cycles.
Furthermore, it's mostly the contract manipulation by the whales offloading their positions; the contract funds have surpassed 9 billion, and it’s set to slide smoothly down.
Also, many traders are now diving into the US stock market, and not many are active in the crypto space, leading to a severe liquidity crunch.
In a nutshell, it's time for a drop.
Mate老陈
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Bearish
The crypto scene is about to crack; for this wave, let's first eye a drop below 70k.
$HYPE is about to hit a new high, Binance can't hold it back any longer, right?
Mate老陈
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Heard from an exec at some second-tier exchange that Binance will drop the Alpha segment for compliance reasons and move everything into $ASTER . Is that true? If so, I might have to go all-in on $ASTER !
1. There are signs of a bounce today, but I feel like this level is more of a trap for the bulls, so don’t get greedy. The weekly charts are still in a bear market, and bears remain in control, leaving the bulls with limited opportunities right now.
2. Looking at the 3-day chart, this drop has just begun, which means there’s still a lot of room for further declines in the coming months.
For the past two weeks, I've been emphasizing one key point: this bounce is not the start of a new trend, but rather a last exit window as we approach the top. That assessment still stands. Currently, around 76k is a crucial level. This area is not only near the bounce high from March 17 but also a key zone where prices broke out again in mid-April. So, there may still be some support and volatility in the short term. However, from a broader structural perspective, I continue to see this bounce as an escape window rather than an opportunity to re-enter long positions.