The recent Bitcoin market, to be honest, is like an ice cream shop in summer that suddenly has a long line of people.
Since mid-June, Bitcoin has been rising steadily, and many people have started to get excited, wondering 'Is it going to hit a new high again?' This atmosphere is somewhat like seeing a crowd around a grilled meat stall at a night market, making you want to join the queue, fearing that you might miss out on something good.
This surge in Bitcoin is mainly driven by the return of market funds, continuous ETF purchases, and the expectation that the Federal Reserve will not be as aggressive in raising interest rates, leading funds to flow back into the crypto market. Coupled with the significant rise in AI and tech stocks, overall risk assets are heating up, and Bitcoin naturally rises as well.
However, at this moment, it’s important to remind: 'Sweet as it may be, don’t forget that ice cream can melt.'
At this position, there are already quite a few short-term funds entering the market, somewhat like those temporary speculators who rush to queue up, wanting to make quick money; once the market shows any signs of volatility, they could run away at any moment.
Especially for an asset like Bitcoin, which is inherently volatile; if you're too greedy and don’t take profits, a sudden drop could turn your profits into illusions right before your eyes. This situation is somewhat like buying an ice cream in summer, hesitating to eat it, and then turning around only to find it has melted all over your hands.
Important reminders:
1. If you have already made a profit, consider selling in batches to secure your gains.
2. Set a stop-loss point to minimize damage in case of a sudden drop.
3. Don’t chase the highs; wait for a pullback to gradually position yourself, and be patient.
4. When the market is good, there’s no need to worry about missed opportunities; the fear is being too hasty and greedy.