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Shu Qin, I can't believe it! Wake up to find Bitcoin has broken past its previous high? Is a bull market coming? Let's take a quick look.
1. First, let's talk about the current operation, Bitcoin has broken out, should we chase it? My answer is: no, it's too risky! Because many of BTC's tops are false breakouts of double tops, the risk outweighs the reward. So what should we do now?
2. Actually, we can do some small coin catch-up rallies. Small coins often lag behind Bitcoin for a period and may even form altcoin seasons. So now, a safe approach is to do some small coin catch-up rallies. Which coins should we choose?
3. Hey, without a doubt, it's Trump coin! Trump will hold a Trump coin party at Mar-a-Lago on April 25th, where many big names will gather. This coin is expected to strengthen before the 25th. Shu Qin told everyone this two weeks in advance. We ambushed quite a few at 2.8, now it's 3.0. I'm still holding, waiting until the 25th to see, no rush until then.
4. Shu Qin believes most people have already allocated Trump coins. If you haven't bought yet, consider doing a slight dip buy if there's a pullback. Don't buy at the top; buy on dips. Near the 25th, you can sell on rallies.
5. As for Bitcoin, I mentioned in Monday's video and Tuesday's update that US-Iran talks might retest the highs. As shown in the chart, I reiterated this early this morning, saying it might reach 78k. When I said that, it was only 75k. As a result, Trump really Tacoed—rising 4,000 points in one morning!
6. But given Bitcoin's current momentum, I just halved my short position at 75k. I’ll see if it reaches higher near 80K before shorting again. Actually, I’m not afraid of the rise because we hold a large Trump coin long position as a hedge. When BTC rises, our Trump coins catch up and profit more.
7. Also, Shu Qin said yesterday at 76.5k that we could short a bit, and last night it dropped to the support zone at 75k—very perfect. Then, early this morning, Trump might Taco again, and I shorted at 78k. Following the market, we should be able to make quite a bit of profit. Keep up with the market rhythm and operate in real-time every day!