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$BTC Do you think “guessing the top” during a strong rally is suicidal or a chance for huge profits? What indicators would you use to judge “overbought”?
● In-depth analysis: Shorting around the integer level of 65k is a typical left-side trade (topping). Traders may have used RSI’s top divergence, or relied on the need for a return to the mean after the Bollinger Bands severely exceed the upper band. Doing a left-side trade with 200x leverage is extremely dangerous, because “irrational exuberance” can keep pushing the price higher without any pullback. The key to this trade’s success was that market sentiment hit a brief exhaustion at 65k, leading to a rapid mean reversion. $BANK $DEXE #USD1持币生息最高8%