3.27 Rebound and Reduction of Positions

If BTC rebounds back to around 92,000, I will significantly reduce my positions in cryptocurrency assets for risk aversion, for several reasons:

1. Above 92,000 is a huge trapped position, and the price is almost impossible to break through all at once. If the bulls want to initiate a new round of upward momentum, it will require a long period of oscillation to fully exchange and digest this trapped position, after which I can buy back again.

2. Recently, there has been a continuous rebound with shrinking volume, and buying interest is not active. It is more likely that after the rebound ends, we will see a new low or even a crash.

3. The Nasdaq and the benchmark for U.S. stocks, NVIDIA, have both shown a death cross on the 2-day moving average for the first time since the bull market began, which is a warning signal.