The recent surge in Bitcoin has indeed been unexpected. Originally, Powell's speech in the early morning clearly indicated a bearish outlook, and ETH did drop to over 1700, which was anticipated. However, I didn't expect the shorts to collectively cover, leading to a rally in US stocks as well; the reversal after the bearish sentiment dissipated was much stronger than I had imagined. I bought my ETH at 1500 and sold at 1850, and now it has risen to 1890. Although I missed out on some profits, I have no regrets.
I had previously reminded that high-leverage short positions should take profits, and ETH is still rising after the upgrade. It's not suitable to short right now, so I suggest observing for now. Since Bitcoin has broken through its previous high, we should also adjust our strategy according to the market. Now BTC is almost hitting 100,000, not far from its historical high, and I definitely won't chase prices at this level. But don't forget, the opportunity for altcoins might be coming!
Once Bitcoin breaks through, altcoins often follow with a rebound, such as relatively stable ones like Pepe and Doge, which can be good for short-term trading. Pepe's bottom is rising, and I think there’s a chance it could reach 0.097 or even 0.105, which has decent odds. Of course, this depends on whether you are willing to take risks to earn the last wave of profits. If you prefer stability, it may be better to wait for next year's bear market, buying the dip when Bitcoin drops to 30,000 or 40,000, or to wait until Solana falls to 30 or 50 dollars before taking action.
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Today's focus: ETH LTC KAITO BTC
