Warning ⚠️ Friends holding short positions, quickly find a suitable position to close your positions!
I judge that the price of Bitcoin will stay above 100,000 for a while. If you currently hold a short position, and the liquidation price is below 110,000, then the risk is very high!
This time, the strong trend of Bitcoin is different from the last time; the movement is a steady climb in small steps. Overall, the possibility and risk of continuing to drop are such that shorting now is not worth it.
It is recommended to keep funds and consider shorting only when the price reaches 110,000.
According to past trends during Federal Reserve meetings, Bitcoin prices usually drop quickly in the half hour before the meeting. I sold all my spot at a price of 972 yesterday and opened a short position. To avoid the temptation to buy again before hitting the low, I kept playing games to distract myself and didn't dare to sleep from the start until 1:45. Sure enough, there was an opportunity to buy spot when the price was around 961. After closing my contracts, I reversed and went long.
Remember not to stubbornly hold short positions; you must follow the trend! From the current situation, this wave of trends will inevitably break through 110,000. Since that is the case, why should friends holding short positions stubbornly hold on? Please be sure to pay attention ⚠️
Tonight, US stocks are likely to rise significantly, and the price of Bitcoin is expected to break through 100,000, with a target price around 106,000.