The recent surge in Bitcoin is indeed surprising!
Despite Powell releasing negative news in the early morning, ETH once dropped to over 1700, which was expected. But unexpectedly, short sellers suddenly closed their positions, and even US stocks rose, turning the negative news into a situation where the negativity has been fully absorbed, much stronger than I anticipated. I bought my ETH at 1500 and sold at 1850; now it’s at 1890, I made a little less profit, but I don’t regret it.
I reminded yesterday that high-leverage short positions should take profits; ETH is still rising after the upgrade. It’s not suitable to short now, let’s wait and see. Since Bitcoin has broken through the previous high, we must respect the market and adjust our strategy. Now BTC is almost rushing to 100,000, not far from the historical high, and I definitely won’t chase the high at this time. But don’t forget, opportunities in altcoins might be coming!
Once Bitcoin breaks through, altcoins often rise along with it. At this time, pick a few stable ones, like Pepe and Doge, to ride the rebound, then prepare to retreat. This bull market might be nearing its end; don’t be greedy, earn the last wave and run. The bottom of Pepe is rising; I expect it to reach 0.097 or even 0.105, with a decent chance. But the key is how much risk you can bear — whether to take a gamble to earn the last penny or to play it safe and wait for next year’s bear market to buy at the bottom? For example, waiting for Bitcoin to drop to 30,000 or 40,000, or for Solana to drop to 30u or 50u before taking action.
I’m currently only using 20% of my funds to play with altcoins for the rebound, and the rest is waiting for a major correction. If there are no good opportunities, I might as well wait for the next cycle. This bull market has risen from 15,000 to 100,000 in Bitcoin, Pepe has increased 30 times, and Solana has also risen several times; I’m already very satisfied. In a bull market, it’s enough to get the head and body of the fish; just a taste of the tail, and now I value stability more! What do you think?
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