Go with the flow, discard old thinking, and adjust your mindset!
The articles in the past few days have been saying that the bullish trend is continuously weakening, and we should mainly focus on short positions, repeatedly emphasizing not to enter long positions easily, yet there are still many stubborn ones. I asked him what he was doing earlier, and now he is aggressively going long. He said when it goes up, he wants to short, and when it goes down, he wants to buy...
Why is trading said to be a life-and-death situation? Because trading is counterintuitive; human ignorance, self-confidence, greed, and blindness are vividly reflected in your trading!
Can Bitcoin hold the 100,000 mark in the future? Currently, it has formed support near 100,300, with a second pin not breaking. Once it breaks down, it may accelerate the decline, with support below around 97,500.
Still the same old story, Bitcoin drops 2 points, while altcoins flood, dropping several points; it's terrifying how altcoins perform. Those who shorted altcoins are probably already experiencing a roller coaster ride.
Ethereum is similar; it rises sharply and falls hard. Those who bought Ethereum spot a few months ago at 2,800 and didn't sell are probably regretting it again, as Ethereum has disappointed you once more. Ethereum's 2,300 horizontal bottom has already been breached, and it can't bounce back above 2,300. A new round of declines may be on the way, and many are going long now, with funding rates also positive. Our short positions are taking profit, and we are not in a hurry to trade anymore. The last rising point for Ethereum was around 1,870. If Bitcoin breaks below 100,000, Ethereum starting with 1 won't be able to run away! $BTC