$BTC $ETH The current market situation has only two scenarios. One is that there is indeed another wave of increases, with BTC potentially breaking 100,000 or even reaching new highs. This should have been the script for the second half of the year, but everyone knows about the second half, so the dogs have moved the timing forward compared to the big players. The so-called favorable news is merely something that the dogs privately manipulate.
The other scenario is a pure short squeeze because the bears have accumulated enough. This situation will lead to a temporary surge followed by consolidation, making people think it is the first scenario. Once the bulls have accumulated enough, based on the data, they will find the right entry point to trigger the short squeeze, leading into a bull market with a dead cat bounce. In this bounce, BTC still has a chance to break 100,000!
I do not know which of the above two scenarios will occur, but as a retail investor, the best situation right now is to be in cash! If you still have short positions, then stop investing, focus on small pullbacks to close positions, or calculate the losses you can bear to reduce your holdings to a level you can manage in the worst-case scenario. It depends on how you balance it!
Then, a very safe approach is to wait for BTC to reach around 100,000 and start shorting heavily! Leverage should be below 2x!!!