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The last look before bed was still grinding, waking up to see the result directly! 📉😎 A few days ago $BCH stuck at a high level, neither up nor down, looking quite frustrating, but the details are already very clear: no-volume rebound, insufficient support, falling back when pressed from above.
While everyone was hesitating, I focused on BCH's upward momentum, noticing it was always just short of a breath 👀 I wouldn't chase the hype in this market, waiting for a bearish window as planned, then executing a short position.
Now the price has moved from 363.55 to 210.61, with a profit of +2984.99% 🎉💰 I endured the earlier part, only to enjoy the gains later.
This is the rhythm.
Chasing behind easily gets you hit.
First, close 80% of the position ✅, lock in the main profit, and keep 20% at cost price for protection 🛑 If it continues downward, let the profits keep running; even if it rebounds, don’t give back what’s already gained.
If you missed it, don’t chase ⚠ The market isn’t short of opportunities, patience is what’s missing; wait for the next clear signal, wait for a more comfortable position to look again 🔔
$BTC $ETH
This bear market can’t be judged by past historical bear-market lows. The current downturn is because the market needs it. In the past, people said the crypto circle is a gathering place for safe-haven assets. But this time, it’s actually performed far too poorly—every bit of capital has rushed into gold—and the financial crisis still hasn’t erupted.
I think it will fully break out by the end of this year or the beginning of next year. Its destructive power could even be stronger than the 2008 subprime mortgage crisis, so I believe this time they’ll go to an even lower level.
As for Bitcoin, I even see it below 40k. Ethereum will be in the 600-500 range and even below. And this bear market’s continuation cycle could be very long—if it really reaches that level, spot is actually more worth holding.
Buy and then store it in your wallet immediately. If you want to open that kind of super long-term contract long positions, I think you should wait until the real market truly starts before considering chasing orders. BCH is very likely to drop into the 60-46 range.