$BTC Most people are already starting to shout that the bull run is back, or they’ve seen 67,000 and are saying it may go to 67,000—though it’s only a possibility. A bull run returning does not exist. At the very least, it won’t be until after September. From this current level, the risk of going long is clearly greater than the reward. Even if it rises to 67,000, the profit would only be a little over 2,000. Why take the risk to bet on it? The situation in the Middle East is still swinging around—who knows if “Huang Mao” might suddenly lose his mind and come out to cause trouble. Don’t look at how things are rising nicely right now—one sentence from Trump could easily break the level. So at the current price, you can short a small position as a starter. If you really place an additional order at 67,000 and set a stop-loss at 68,000, isn’t that still lower risk and higher potential return than going long? If it moves down, you can see BTC with a 5 as the leading digit; if it moves up, 67,000 is already the extreme. Looking at the funding rate, it looks like it’s about to be positive again by 100. If it can reach 66,000, that would be pretty good!

BTC-0.31%
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned