Recently, this wave of $BTC has directly squeezed the shorts, and almost all short positions have been liquidated, with the liquidation amount nearing 1 billion dollars. It's simply a "short massacre" 😂
Now the funding rate has returned to normal, and market sentiment isn't so extreme anymore; there is a temporary balance between long and short positions.
But be careful! The long positions are already getting a bit crowded, and if the price drops to around 100,000 or 98,000, it might be the turn of the longs to be harvested. So now is not the time to be overly passionate and go all in; stay steady and don’t get reckless!
What to do specifically? My personal suggestions are:
1. If you are trading contracts, do not heavily go long at this time; it's best to use low leverage and build positions in batches;
2. If you are a spot holder, you can reduce some positions at highs and keep some chips for re-entry during a pullback;
3. If you haven't entered yet, don't rush to chase now; you can wait for a key support level pullback, such as around 98,000 or 95,000, and consider entering based on the market reaction.
4. Most importantly: set stop-loss and take-profit levels; don’t think you can get rich overnight. The market comes in waves; don't get caught in a pullback and lose in a bull market.
At this moment, it's not about vision, but patience and rhythm.