Pay attention to risk control! Bitcoin suddenly changed its market and started to test the $90,000 mark again. This time, it is easy to break through the trend! Once it breaks through, it is likely to reach 91,000 or even higher, so those who hold short orders can make a small amount of reverse orders. On the one hand, it can raise the liquidation price, and on the other hand, long orders can make profits. When it reaches a high position, stop profit and make a reverse order.
Of course, if the position is light enough, you can make up for the position near 91,000, and the liquidation point must be above 95,000! The position must not be heavy. I have repeatedly emphasized that the currency circle is not as good as gold trading. It is very normal to control the market and insert the pin. The purpose of position management is to avoid these situations. Many people say that it is better to set a stop profit and stop loss. Unless you are lucky enough, any pin can directly stop you. There is no difference between multiple stop losses and liquidation!
Some time ago, my short position operation, through covering positions and increasing margin, pulled the comprehensive average price to around 88,000, and stopped 60% of the position at the first target of 85,000. Although it is currently in a floating loss state, it is still possible to short at highs. The order entered the market near 91,000, and the average price was pulled to around 89,000. The liquidation point should be controlled above 95,000.
Many people do not understand why the market is so strong, why they have been shorting at highs. On the surface, I am betting on the market, but in fact, I am betting on human nature! In the past month and a half, Bitcoin has almost doubled, and hundreds of billions of dollars of funds can support the current price. From this aspect alone, it can be reflected that the price caused by market consensus is not the market-recognized price, and it has deviated at present. Pay attention to the risk of a sharp drop after a surge!
