Replenishing short positions logic:
To be honest
Firstly, since the spot market reached a new high, there has been a 100% profit margin.
And a lot of short positions are concentrated around 75000; currently, it has risen by 20%, and those who should be cut have already been cut.
Always remember, this is a game of capital, and the goal is to achieve greater profits.
Additionally, with the extremely FOMO market sentiment currently, this is the best place to kill the longs.
If you ask where it will drop to, I don’t know, nor can I give a specific point; perhaps it will consolidate around 80, or perhaps it will directly drop back into the 70s for a bloodbath.
Of course, there is another variable, which is BlackRock; yesterday, the Bitcoin ETF bought 1 billion USD in just one day, so tonight it is highly likely to set the direction for the next few days.
Don’t always think about finding a blogger to give you a point to rush in; life and death are fated, and wealth is in the hands of heaven. Maintain your own thinking; if you hand your life over to others, it’s a loss without gain.
In terms of operation:
Close the short position key. Be bearish but don’t short; if it drops, replenish; if it’s time to bottom out, bottom out, and build positions in batches.
If it hasn’t dropped, it means there’s no fate. If you rush in without a good position, you are testing your position management skills and mentality. It’s better to miss out than to roast yourself over the fire.
Wealth does not enter through urgent doors.
💥Thoughts shared, not constituting advice.
