The big one is really coming, get the bags ready! The last "buy-in opportunity" before the trend reversal?
Recently, Bitcoin and Ethereum have been rebounding, but I have to remind you — this market looks like it’s going to trend upward, but it could actually be a "trap for the greedy"! On the surface, the rebound looks strong, but in reality, the main players might be setting up a trap at high levels, just waiting to catch those chasing the rise!
Bitcoin's price action is too torturous! It seems poised to break through, but there are hidden dangers
Right now, looking at Bitcoin's price action, it has been oscillating back and forth between pullbacks and rebounds, appearing very strong, and whenever it drops, someone always pulls it back up. But this "wanting to drop but rising" rhythm is the most dangerous!
Everyone is focused on the breakout, and the price action looks like it’s about to break through. But I’ll tell you, a real bull market needs to pull back before it can rally. If there’s no major bullish support like an interest rate cut, even if it breaks out in the short term, the subsequent drop could be harsher, starting with at least a 150,000 point decrease!
What happens after the trend reversal? Two scenarios, both are scythes cutting the leeks!
Many people ask me whether the trend reversal will be up or down? To be honest, guessing the direction can lead to bias, but I dare to analyze two extreme scenarios:
Scenario One: Direct crash
Break below 98,000 and plunge down, trapping those who chased the rise.
Scenario Two: Trap the greedy and then crash
First, break above 110,000 to trigger shorts, then turn around and drop more than 10,000 points in a waterfall, killing the bulls, and then oscillate down to around 80,000. Wait for the interest rate cut news to come out, pretend it's a bull market and push it above 150,000, then distribute the chips to retail investors, allowing the main players to exit perfectly!
This is how to play during the oscillation period! Before the breakout, everyone should do as I say:
Short above 104,000: short at the high level during the rebound to make some money on the pullback.
Buy the dip at 2,000 points down: buy altcoins at the support level, using 20x leverage to double your investment, don’t get too attached to any one position!
Avoid Bitcoin, focus on altcoins: Bitcoin has small fluctuations, while altcoins have greater elasticity, making short-term arbitrage more profitable.
Remember, the current market is a situation of mutual slaughter between bulls and bears, with institutions and whales cutting each other. Let’s not be the ones left holding the bag! Before the market has a clear direction, manage your positions well, take profits when you can, and don’t be greedy chasing high prices — protect your principal so you can pick up cheap chips after the trend reversal!