Subscribe to the market updates—if you enter around 1810, reduce your position yourself. The game (strategy) only stops the drop if it breaks through 1840. If it doesn’t break through, it will dip downward with a downward spike. I’m not clear exactly where the dip will be; it could be as low as 1780, with a limit around 1680. At this position, you can’t chase a short again—it’s very dangerous.



The last round’s move-up started near this area, and BTC has also reached around 65,000—these are relatively strong support areas. There are fewer situations where the market keeps falling continuously. I’m worried it could suddenly rise and explode the short positions. There should still be another chance to enter a mid-term short. BTC is expected to rebound near the maximum limit of 70,500 due to either news or a pump that lures people. A weaker rebound could be around 69,200. For ETH, the maximum limit is 1,980, with a limit at 2,070. Rebound to enter a mid-term short.

Within two weeks, it’s likely you’ll see BTC around 60,800. ETH around 1,600. Make sure you use stop-losses only—don’t hold on hoping it turns. This year’s “takeoff” isn’t possible anymore. And you shouldn’t think the crypto market is over—that’s not the case. The drop will be the buying opportunity. Hold long-term and let time be your friend. At such a low price, don’t casually buy the dip or recklessly chase shorts. Enter spot only to be safe.
BTC-5.56%
ETH-6.34%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-db5dcb67
· 13h ago
Just charge forward 👊
View OriginalReply1
DoubleThePositionSize
· 16h ago
Just charge forward 👊
View OriginalReply0
  • Pinned