Liangxi is looking at shorting BTC and ETH🚨 Do you trust him or the market?
Liangxi recently stated that he originally thought BTC would rise to 100,000 and ETH would rise to 2,000, but that would have to wait until the interest rate cuts in the second half of the year. However, it unexpectedly rose to the anticipated level in May. He said that at the current position, not shorting is like having eaten a poisonous bean and still applying a laxative; it will immediately cause diarrhea! He advised that while it's okay not to short, absolutely do not go long, as long positions will be trapped, and this week it will fall. The US stock market is leading the decline, and a short-term bottom will emerge this month, with a recovery next month when interest rates are cut.
Now let's look at the current market situation:
Just because BTC and ETH have risen to the expected prices ahead of time, saying they will fall is not a very reliable reason. The rise and fall in the crypto circle are influenced by many factors; looking only at technicals is useless. Currently, the US-China tariff talks are going well, and market sentiment is improving. If global economic cooperation expectations strengthen, cryptocurrency prices might continue to rise, contrary to what Liangxi said. Moreover, when he mentioned the US stock market leading the decline and interest rate cuts next month, no one knows exactly when these will happen; they can't be taken as certainties.
I always choose to trust the market! I don’t believe anyone else. What do you think?
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