Piano, the market is now starting to price in a recessionary rate cut in June, and everyone says the US stock market is going to crash. I feel like the cryptocurrency market won't fare well either.
分析师舒琴
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Bitcoin Double Top, should we short now? Or go long?
Everyone look at the chart, don't rush! If Bitcoin breaks out, it could go to 88,000. If you really want to short, you must see a downtrend, which means a false breakout followed by a drop back down. This way, you can short and see what happens; if it rebounds again, then cut losses and go long.
If it breaks out and doesn't drop back, then it's a true breakout. Those who bought the dip before can hold on a bit longer, and the brave can also chase the long position, but the stop-loss remains the same: if it drops back again, then take the loss.
So if you really want to trade short-term, you need to refine the details and watch the market closely, especially in places where there are significant long-short discrepancies. You need to be very careful; if successful, the profits will be substantial!
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