I am mainly focused on buying BTC on dips in the current market, while shorting on corrections can be done with SOL.
BTC has dropped since last Thursday and has recovered; unless there is a significant negative event in the short term, the market should not experience a massive crash. Any downturn is an opportunity to buy. However, comparatively, other altcoins are quite weak, so shorting altcoins and going long on BTC is a reasonable strategy.
There are no high-leverage long positions left to be liquidated below BTC, and there is very little selling pressure on the exchanges, so a super massive crash is impossible. It is likely that the market will use a sideways movement to liquidate some of the short-term long positions, with support for the pullback around 103,000.
Therefore, buy the dip on BTC and short altcoins. #币安Alpha上新