Do you understand the market capitalization share of the pancake and its correlation with the altcoin season?
Crypto白丁
--
Bearish
I have sold all the chips I bought at 76,000 and shorted them.
Now I have been trapped 🥲 by shorting, and the profits from buying at the bottom should have been lost. Trapped, help!
This article tells you why I want to short, and can I short now?
1. What is the reason why Bitcoin leads the currency circle to rise this time?
This rise is divided into two stages. The first stage is that it fell to the bottom on April 9 and then gradually rebounded to 88,000. The second stage is that 88,000 suddenly soared to 94,000.
The reason for the rise in the first stage, I think, is that the fundamentals have bottomed out on April 9, and it can't be worse.
The tariff rate of +100% has been implemented, and China and the United States are in a hard fight. However, the tariff affects the company's profits and fundamentals after all, so Bitcoin has a small decline relative to US technology stocks.
After two weeks, the big cake slowly rose to 88,000 in the first two days.
The second stage is the good news of various news.
Trump declared that he would significantly reduce tariffs and reach a trade agreement with China; Musk announced that starting in May, he would reduce the time he spent in the Department of Government Efficiency (D.O.G.E.); Bloomberg said that the U.S. Strategic Bitcoin Reserve may announce details in the coming weeks.
Stimulated by various news, Bitcoin went from 88,000 to 94,000.
I entered the market to short at 88,000. To be honest, if it weren't for Trump's series of combined punches, it would definitely not have risen to this level now.
But there is no way. This year's market is Trump's policy market. When I shorted at 88,000, I had already imagined that I would increase my position to 93,000, but the rise came too fast like a tornado. . .
2. I think it is a rebound, not a reversal.
Has the current market changed compared to two weeks ago?
It is still a market dominated by Trump. Trump may still turn against him in a few days, and the Sino-US trade agreement has not been negotiated.
I still think that going up and down a few times this year is a good way to make money, but I am a little impatient with this short-selling. . .
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.