Latest from ✅ Shu Qin ✅

263 days! Did you know? Bitcoin has been in a bear market for 9 months — is it time to consider buying the dip?

1. There is no eternal bull market, nor an eternal bear market. Bitcoin has been oscillating downward for 9 months since its peak on October 6 last year. In the previous two bear markets, the declines lasted about 12 months. So, what should we do now?

2. Of course, buy on dips! Bitcoin has already fallen 55%, which is much smaller than the declines in previous bear markets. It might drop a bit more later, but not too much. The main reason is that Wall Street funds have entered the market, reducing volatility in both ups and downs.

3. Compared to BTC’s 55% drop, the more sensitive ETH and Sol have seen even larger declines — 70% and 80% from their all-time highs respectively — offering better value for bottom-fishing. Among them, Shu Qin is most bullish on Sol, which has rebounded nicely. We entered at $60, and now at $73, it still has a 20% rebound.

4. Over the past six months, Shu Qin has turned into an “air stewardess,” doing nothing but shorting every single day — short, short, short for most of the year. But starting from the end of June and July, we stopped shorting the big trend and began buying long-term spot on dips. We’ve already bought 50% of the position, and plan to complete the bottom-fishing over the next two months, just in case there is one final drop.

5. For short-term trading, we go both long and short. Over the weekend, we shorted ETH at 1600 and BTC at 61,000, and this morning we bought back at 59k. As shown in the chart, all orders were placed. We trade long-term and also place short-term orders every day — both without conflict.
🚨 This is for informational sharing only and does not constitute any investment advice! 🚨
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