Brothers, first change your mindset. Starting Friday, it's no longer just about going long; both long and short positions are being taken.
After the short-term decline triggered by the volume increase on Friday, the mid to short-term bearish sentiment has begun to take effect. We can only take short positions after significant drops and during volume-consolidating rebounds. Right now, we are in a process of oscillation and bottom probing, so you need to switch your previous comfortable low-buy rhythm from the past month, or else you will continuously be educated by the market!
After this pullback, Bitcoin won't have any major movements in the next few days, mainly probing for a bottom. Currently, it hasn't stabilized, so don't go long; without bottom-fishing funds, the market is more inclined to decline. Short Wif, Bonk, and other meme series coins at high points for the following reasons:
1. The probability of the Federal Reserve lowering interest rates by 25 basis points in June is 5.6%. If they don't lower rates, there will be a daily adjustment.
2. Super whale James Wynn opened a 40x short position on BTC worth 112 million USD, with an opening price of 107214 and a liquidation price of 130,540 USD, dancing with institutions and whales.
3. If Bitcoin falls below 106,000 USD, the cumulative liquidation intensity of long positions on mainstream CEXs will reach 1.122 billion. If Bitcoin breaks through 108,000 USD, the cumulative liquidation intensity of short positions on mainstream CEXs will reach 664 million.
4. A value of 160 million USD Sui will unlock on June 1st, so short at high points.
In yesterday's article (Bitcoin crashes, both long and short positions earn 1000% profit! Is PARTI halved? LANLAN skyrocketed to 30 million, can we chase it? The next hundredfold opportunity is here!), I also made it very clear. Those who followed along made a killing; congratulations to everyone.
I also made three short positions in BTC.
The first short position went smoothly, the market fell rapidly without struggle.
The stop-loss for the second short position was set too tightly, and a normal fluctuation swept it out.
I will continue to hold the third short position, currently planning to close it at 106200 or when the 4-hour chart is oversold.
Finally, the heavy investment opportunity hasn't appeared yet, so I will keep waiting.
Over the weekend, the market rebounded to the 109500 range at its highest, but still hasn't recovered above 110k. 110k is an important indicator of risk appetite returning. We can see that the rebound of altcoins is still weaker than Bitcoin, and a reasonable prediction is that whether the news results in a decrease/recovery of European tariffs or technically Bitcoin returns above 110k, altcoins may only continue to rise under those conditions.
Several people asked about parti yesterday.
There's one person who often likes my posts, so I want to reply. I believe parti has potential for the future, but it's not the right time to enter yet. Just like we discussed with new coins in the past, it should at least meet a 3-month criterion. You may miss some opportunities due to this principle, but it also helps you protect your wallet.
Let's talk about the future trends.
The Bitcoin conference is getting closer, and just a few days after last year's conference (July 25-27), there was a sharp drop. This year's conference is on May 27-29, and with the tariff issue being so close to the conference, it is likely that a correction will occur after the conference.
The worst time in the crypto space in 2025 occurred in March-April when Trump put the market through an extreme test. If you survived the last sharp drop caused by Trump's tariffs, then there's nothing to fear next; every drop is the best buying opportunity.
The market has already pointed out strong targets for everyone; the altcoin that rebounds the most in this wave is the best opportunity.
Additionally, you can pay attention to new coins in the RWA track, which have been performing well recently! The biggest opportunity for retail investors to reap profits, Binance's Alpha, and various points; the recently popular nxpc, wlfi ecosystem stablecoins, etc., are all focal points of the market.
Recently, the Ethereum ecosystem has been ignited by a meme project called $LANLAN.
When the market cap was still at 3 million, a community member recommended it to me. Today, I see it has skyrocketed to nearly 30 million; the hype has really come.
Not only has MEXC launched, but many overseas T1 players and veteran Ethereum users are also entering the market, creating a lively community atmosphere. The project's small goal is a market capitalization of 100 million; is it a good time to enter?
The six consecutive bullish days look very strong, but with a market cap of over 20 million and only around 2000 addresses, front-line whales have not moved their holdings, and their profits have multiplied several times. The developers with 70 wallets are also making a fortune and have not sold their holdings. Entering at this time, while others have multiplied their investments by ten times, you only double yours; the cost-effectiveness is not high, and there is risk.
The main reason most people lose money playing memes is: 'inconsistency between knowledge and action'.
Clearly not the best entry point in one's opinion, but seeing others profit, one breaks strategy and follows the trend to enter. Clearly not the reasonable point for cutting losses in one's opinion, but seeing others FOMO, one loses faith and drifts along. Opportunities lie in certainty; if you discover a narrative that you believe is an excellent entry point, then decisively act. If it exceeds the entry point, wait patiently. There are daily opportunities in the meme coin space; if you miss this one, focus on finding the next!