The market has ended, and the price will only continue to drop. A few days ago, I started to position short at 103,000.
Buying or going long around 100,000 doesn't have much of a risk-reward ratio; it's just a gamble on it breaking new highs. Of course, if the main force pushes it up to 150,000 or 200,000, that's fine too, but in the current environment, who would buy at such high levels? So I believe it won't break new highs in the short term. If I were the main force, I would choose to take profits and secure my gains. At the tail end of the market, there will always be a few counterfeiters and tricksters who emerge to pump it up several times.
