Not so good... Is Bitcoin heading for a downward trend? Can we buy the dip now? Let's take a quick look. $BTC


1. As shown in the chart. BTC rebounded well in the first two weeks, with the bottom and top both rising, and the price rebounded over 12%. But! Everything changed dramatically starting yesterday, with a failed breakout. Is Bitcoin's upward momentum coming to an end?
2. Actually, there is still a glimmer of hope for BTC's current trend. Because the support around 63,000 is still quite strong, it held during the Korean stock market crash and supported that wave of decline. Bitcoin itself is actually fine, but if the US stock market or others experience another crash like yesterday, Bitcoin's 62k support might not hold, and the defense line could retreat to the previous low of 60k.
3. However, this situation has not yet occurred; Bitcoin still holds at 62,000. At this point, I wouldn't rashly go long with futures contracts because the risk is indeed higher, but we can hold spot positions. Because Bitcoin just above 60k, Sol at over 60, and ETH at over 1,600 are all very good prices.
4. So I plan to buy some spot positions that won't liquidate me, trying to profit from the rise. If it falls, I’ll just be stuck for a while; anyway, I won't lose money. In the bull market, I could even multiply my gains several times. After all, we sold at the top around 67,000 in spot trading, so theoretically, buying back at any price below 67,000 is profitable. Our biggest confidence is that we escaped the top at high prices previously. $ETH
5. As for the US stock market, SPCX collapsed as expected, falling below 140. Any significant rebound can be shorted again, for example around 170, then set a protective buy order at 190 to average up and recover the position, ensuring no loss. If it doesn't go up and just drops, then it's a big profit.
6. We haven't lost any shorting SPCX; four wins out of four trades, holding a 1x long-term position, entering in batches. Currently, for Bitcoin, just operate with spot trading; use different leverage depending on the situation because, besides trading, position management is equally important. #以太坊基金会重组降本
BTC-2.13%
ETH-0.73%
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