$BTC A crazy night, when emotions and funds rise, BTC refreshed its historical high at 1120. Some faced liquidation, some reversed positions, and some were stuck in trades. When the results are in the past, all you can do is review, summarize, and learn, waiting for the next opportunity. In the market, there are no absolutes; when the time comes, it can rise to 15 or 20, and it can also drop to 9 or 8. This is how the capital market operates.
Many people laughed at me and asked if I faced liquidation. You might be disappointed; I shorted from 1090 to 1085 and reduced my position, then bought back at 1095, with a cost of 1092, and set a stop loss at 110,000. This was my operation yesterday.
I lost over 2000 dollars, which is acceptable. I was betting that it wouldn’t break through; if it did, I would stop loss and exit. How high it goes has nothing to do with me; I was shorting, but I didn’t get overly excited. I stayed rational, even in the live stream, I advised my brothers not to act impulsively and to preserve their chance of survival.
I’m not in a hurry to short now; I’ll observe for a couple of days. Recently, major media outlets have been reporting on Bitcoin's historical highs, attracting a batch of new investors. Without a doubt, there will be a significant pullback soon, not less than a 5000-point drop within a month. Let’s wait and see.