Has anyone noticed a pattern? The more people shorting in the market, the higher the price goes. Why? Because when shorts are forced to liquidate, they have to buy back to close their positions, which is like adding fuel to the fire, pushing the price up. In simple terms, the market won't drop unless the shorts are completely wiped out. I used to like to guess tops and bottoms and do left-side trading, but what happened? I either got trapped or was on the road to being trapped.
Like this time where I stubbornly shorted Bitcoin, and it turned out that the price keeps rising with big green candles, not looking back at all. Look at those trading altcoins, just chasing a rise makes money, it really hurts. Now I understand, don't go against the big trend. If Bitcoin really breaks through $112,000, altcoins will definitely surge; holding onto shorts at that time would be foolish. I need to change my strategy, either wait for Bitcoin to drop to an important level to find opportunities to go long, or just honestly watch without acting. Also, recently altcoins have been clearly stronger than Bitcoin; picking a few reliable ones and going long with closed eyes might be better than struggling with Bitcoin.
In summary: The market now is that as long as the shorts don't die, the uptrend won’t stop. Don't always think you can catch the top; honestly follow the trend, earn the money you understand, and don’t always think about taking advantage by shorting. If you feel helpless or confused trading in the crypto world right now, I hope my sharing can bring you some inspiration and help! Follow me so you don't get lost, Lao Zhao will give you a head start, creating an information gap with others!#非农就业数据来袭 #BTC重返11万 $BTC
