After the crash, silence returns

Over the weekend, liquidity dropped to 0.

BTC fluctuated around 117000, swinging 500 points.

However, I personally advise against shorting near 117000.

A wave of sharp decline followed by sideways movement.

If the market makers want to end the bull market at this time, they will continue to push down.

But based on the logic of selling coins to let retail investors take over, high-level fluctuations and distributing chips is the best way to offload.

I still believe that the bull market has not ended; this violent decline is just preparation for the final surge.

You can go long in the 117500-117000 range, with a stop-loss around 116500. If there is indeed a continued violent drop, it will mark the end of this bull market.

A small stop-loss is acceptable.

How the market moves now can only be a game of probabilities.

But I feel the probability of going up is much higher.

If I'm wrong, being hit in the face won't hurt too much.

As for altcoins, like Doge and Uni, it’s still possible to buy on dips or gradually accumulate spot.

For ETH, I can’t recommend it; I personally think it’s worth considering buying on a pullback to 4000. A stop-loss at 3900 is acceptable.

Recently, there has been a bit of a stubborn bullish sentiment,

At least after BTC surged to 130000, I might start to turn bearish. $BTC