The current market for BTC is unclear, but it's mainly short. No positions for now, only buy at low unless there's a second test. Otherwise, a rebound of several points is unlikely to hold.
For Ethereum short positions:
2889-2895, stop loss at 2922.
After this round, too many altcoins are just trash, and calling them scams is not an exaggeration.
For useless altcoins, choose those waiting to be unlocked, below 100 million market cap, and directly adopt a grid contract model, shorting 3-5 times until they reach zero. Forget about NFTs and metaverse narratives; those scams should be listed.
How to do it? Pull it to the monthly level, upper limit 10%-20% above the previous monthly high, lower limit 10% below the current price, move down by 0.001, and there’s no limit for moving up.
Only hold BTC long; if shorting, focus on altcoins with a maximum of 2 positions.
Personally, I’m not optimistic about a bull market. I firmly believe that a rise must lead to selling, which is obvious. Setting aside technical aspects, capitalists won’t take over BTC at 150,000-200,000. High-risk assets require high volatility; otherwise, harvesting cannot be completed. However, going long requires real capital buying spot. Just short at high positions. Stop losses are merely at resistance levels or previous highs, and you can also set a 10% stop loss line for a single position. For instance, with 1000 capital, 10x leverage, a first position of 100, with a stop loss losing 10 U, and take profit slightly above the support level.
Remember, any news is lagging, but the market is intuitive. Combine market data with macro analysis.
