The truth in the crypto world that is never told, taking the current market situation as an example
100x leverage and options are used by institutions and whales, not retail investors.
Many people overlook the essence of leverage. If you can't even judge the direction clearly, or if you make an incorrect judgment, leverage will only push you to a dead end. The problem is not with leverage itself, but with whether you have truly grasped the direction. Remember, it’s always about getting it right before taking action, not acting impulsively.
1. In the past 10 days, my operational suggestions are only two: On June 25, I strongly advised against cutting losses on altcoins. On June 22, I told everyone to buy the dip on ETH and UNI.
2. Why hasn't the market declined in the last 10 days? Because of the strong correlation between Bitcoin and the US stock market; aside from the capital movement at the end of the quarter on July 1, the US stock market has been rising almost every day. I have long said that Bitcoin should be viewed as the highest quality asset in the US stock market, as digital gold; Bitcoin has been consolidating, so mainstream altcoins simply cannot drop.
3. Last night, three events directly ignited market sentiment, causing most short positions in the market to be liquidated: Trump's company applied for a BTC ETH mixed ETF with 75% buying Bitcoin and 25% buying Ethereum, the US-Vietnam tariff negotiations were settled, and the US stock market surged.
4. I still do not recommend shorting because the crypto market is purely an emotional and irrational market; you cannot trade against the market trend, that is the most fundamental principle. In addition, the short ratio for BTC has reached 61%, but the main players are fully positioned in long positions, which is completely opposite to retail investors; the risk of going short is very high.
5. In the second half of the year, BTC will reach new highs that will surprise everyone.
If Bitcoin drops 10% now, that's 100,000. But the last time it reached 100,000 was after 14 nuclear facilities were hit with the most powerful underground bombs in the universe to drive the price down.
In the price range of 100,000 to 150,000 for Bitcoin, as long as Americans do not lead a sell-off, this is just a moving number; you think shorting at 110,000 is at a high point, but it's actually just the low point for the next six months.
