I hope after the release, the bears won't attack me.
I'm only talking about altcoins, within the next 3-7 days. Target 3950-4100, or even higher.
Don't doubt, don't take chances, the market won't show us sympathy. If Bitcoin breaks through 118500-120000, then Ethereum will definitely break out. Even if Bitcoin is currently consolidating, hovering between 114000-117000, altcoins are still solid and hardly dropping; conversely, whenever Bitcoin rises, it follows closely behind.
I still advise the bears not to blindly place orders; occasional speculation is fine, but you need to consider how to manage your inner fear. Aren't you anxious every time you place an order? Just follow the trend; although I've taken many short positions recently, I understand that I cannot rely on luck anymore. #以太坊ETF #特朗普允许401(k)投资加密货币
Let's talk about the feelings during this period of time.
To be honest, I personally do not like to short, whether it is Bitcoin or Ethereum. This might be related to my trading habits. However, during this period, I don't know what's going on, but I always feel uneasy, constantly thinking about shorting. It seems I need to stay calm for a while. In fact, many times, the market has already told us, but we just didn't notice. I don't know if you have noticed that Bitcoin, as a long-term leader, does not currently hold the initiative. Whether it's institutions or whales, their holding attitude is obviously weaker. This might be related to the fact that Bitcoin tends to be weak every August. However, interestingly, under Bitcoin's absolute dominance, Ethereum has rebelled and has now become unbreakable. When Bitcoin rises, it skyrockets alongside; when Bitcoin falls, it basically remains still or falls very slowly, and then when Bitcoin rises again, it continues to surge.
I wonder if it's because Bitcoin had already reached 120,000 before, when Ethereum was only 2,700. Is there a relationship between that? It needs time to buffer; once Bitcoin drops, it can accumulate and surge forward. Have you thought about it? If you short now, when Bitcoin reaches 119-122, won't Ethereum definitely break through the 4,000-4,300 range? At that time, you wouldn't be fighting against the market; it would be like giving away money.
I still believe that those of you who like to short should hold on for a while, keep your hands hidden. If you really can't hold back, just go for virtual trading. Those with large capital can short appropriately, but if you are a small trader hoping to get rich daily, just forget it; be precise with your account. I do not have a negative attitude towards friends who short; I like shorting too, but I clearly understand that right now, shorting is essentially a slow suicide.