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Recently, there have been some voices in the market saying:
Bitcoin may see some correction pullbacks in the near future, and if it pulls back, it may pull back to around $50,000 before hitting new highs.
At present, Bitcoin 62000, the market has the possibility of a 10% correction, but I think the probability of a correction of 20% to 5w is very small.
There are two suggested actions:
1. If you are a more conservative investor
You can reduce your position by 1/4, why is it 1/4, this callback forecast is not as certain as last time,
But the bull is still behind, so it is too Long to reduce the position and take profit, and I am afraid that there will be no callback in the back, and it will be pulled away, leaving 3/4 of the Position to give insurance in the car.
If you are not currently full position, there is no need to reduce even 1/4 of the position, reduce the position to 8 achievements of the total Position,
Why is it such a high Position of 80%, because I still think that it will rise later, and the target price will be about 100,000 this year
2. If you are more aggressive, or you are afraid that you will not be able to pick up after reducing your position now
Then don't reduce your position! Profit and loss are not cost-effective
A 10% pullback is possible, but it is more likely to be on 8-9w, relative to the current price is still 30-50% short, so now hold so the profit and loss ratio is between 3-5, and get off may not be back
3. My advice is:
Some Long AltCoins with more profits, you may wish to reduce your position slightly, move to other AltCoins that have not pulled the plate, and wait for take-off!