Spot and futures are fundamentally different. Playing spot allows you to gradually buy at the bottom, with much lower risk; but if you randomly buy at the bottom in futures, you can get liquidated in no time. When spot rises to a high position, you can run at any time, but in futures, don't be foolish enough to touch the peak. Shorting and going short are two different things.
Now the market is surging rapidly, and prices are soaring to resistance levels. Not buying is a fear of missing out, but buying means chasing highs, and shorting is more likely to result in total loss. Bitcoin is currently stuck at two key positions: 103k is the defense line for those buying at the bottom, while 105k is filled with sell orders waiting to break even or take profits. That long upper shadow this morning is a typical tactic of the manipulators deliberately forcing out the shorts.
My principle is simple: I never short unless there is a clear reversal signal. The overall direction still needs to wait. Remember, whether bullish or bearish, it's essential to wait until the chart gives a clear signal, and the stop-loss level must be close; otherwise, in ambiguous market conditions like this morning, entering is just giving away money.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, with an expected space of over 10 times being no problem. Like + comment, and I’ll take you along to layout the entire bull market!