Bitcoin Breaks $110,000: Trading Strategies at a Critical Moment
Today, Bitcoin surged to a new high of $110,000, riding on the "Pizza Day" celebration. This market is thrilling to watch. But in times like this, it’s essential to stay clear-headed— the weekly golden cross has just formed, and the most crucial thing now is to see if this week's closing price can firmly stand above the historical high. My experience tells me: it’s better to earn a little less than to act without certainty.
Patience is Required at Critical Levels
If the weekly closing price can stay above the previous high, I will consider increasing my long position. Don’t be fooled by the current rapid price surge; if it’s to break through effectively, it’s definitely worth waiting these two days for confirmation. Those who rush to chase the rise may very well get washed out by short-term volatility. Remember, surviving long in a bull market is more important than making quick profits.
Half Position in Altcoins, Waiting for Opportunities
Currently, I’m only holding half a position in altcoins, keeping some bullets ready for a golden opportunity. Today is too special—a new high day + Pizza Day + presidential dinner, making market sentiment prone to extremes. If we can see a long lower shadow in the next few days, I will not hesitate to add to my position. In the current market, I’m not afraid of a drop; I’m afraid of not dropping.
My Practical Advice
Once Bitcoin stabilizes at $110,000, any pullback will be a chance to grab money. But never charge in blindly; wait for the weekly closing to confirm the trend. Keep altcoins flexible, with a half position ready to attack or defend.
Remember: in a bull market, the biggest fear isn’t missing out but ruining a good hand.
Rolling positions isn’t a myth; it’s a strategy. Want to reap the rewards? Don’t operate blindly, follow Ji Xin closely to position ahead of the main rally, enjoy the main course of the bull market, and leave nothing behind for the meal!
Intraday focus: TRUMP BTC OM ETH
