$BTC Since early yesterday morning, Bitcoin has been skyrocketing, now approaching 100,000. I found something interesting: a few days ago, some analysts with a huge following were bearish. At that time, I even posted that since everyone was bearish on Ethereum, I had to go long on Ethereum. Sure enough, going against the trend was the right decision. Today, I saw them saying that Bitcoin won't turn back until it reaches 102,000, and I decisively increased my meager short position from 91 to nearly 95. If you don't short Bitcoin at 99, are you waiting for it to rise another 3,000 points before shorting? Don't wait until it hits 97 and then chase the short. A few days ago, the market was entirely bearish, and I thought I would be able to cut my losses, but unexpected news made it surge and wipe out a wave of bears. Last night, the Federal Reserve's hawkish remarks didn't lead to much of a drop, and today it surged again. Many bears have already been wiped out. No matter how much trouble Trump causes, it can only be temporary. The most fundamental issue is that the Federal Reserve is not cutting interest rates. Since the bears have already been hit hard, the impact of not cutting rates will eventually be felt.
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BTC
103,258.49
+0.05%
ETH
2,473.06
+5.13%
2
0
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