Many people think $BTC hasn't bottomed yet, and I think so too. But regardless of going long or short, I believe a good entry cost is necessary.


For example, last time when it went to 82K, I started trying from 74K+ and had two small stop losses. Then I entered on the right side around 77K. Even though it stopped out, I felt it was the right thing to do because the higher the price, the better the cost.
But now, for shorting, what advantage does the cost have? (Intraday hourly traders can ignore this.) Of course, you could say that once you're locked in, just hold on. That's only because it looks weak now. Once it starts to bounce, within just a week, most people won't be able to take it.
Personally, I have a buy-low view for next month. What is uncertain now is whether 58K can serve as a rebound low. Currently, the longer it lingers, the slower and lower it goes.
BTC-0.68%
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