I feel confused. With Ethereum performing so strongly at the moment, does this indicate a significant pullback is imminent? Does Bitcoin have to wait until Ethereum completes its fall before it can start to pump?
In this market cycle, I adopted a dual strategy: I shorted 4 Ethereum to hedge a long position of 0.1 Bitcoin. If Ethereum does indeed pull back later, the short position will bring more profit; if the market rises, I still have 0.1 Bitcoin as a base to safeguard. This way, regardless of how the market fluctuates, I am in a relatively advantageous position.
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I feel confused. With Ethereum performing so strongly at the moment, does this indicate a significant pullback is imminent? Does Bitcoin have to wait until Ethereum completes its fall before it can start to pump?
In this market cycle, I adopted a dual strategy: I shorted 4 Ethereum to hedge a long position of 0.1 Bitcoin. If Ethereum does indeed pull back later, the short position will bring more profit; if the market rises, I still have 0.1 Bitcoin as a base to safeguard. This way, regardless of how the market fluctuates, I am in a relatively advantageous position.