Bitcoin's long position strategy at the key level of 88,700 finally broke the previous cycle of "dip below 90,000 then decline." This wave of market movement is quite strong, and traders following the long side recently should have gained quite a bit of profit.
However, some people have recently asked me, with such a long holding period and the market remaining so resilient, whether it's still possible to short? My view is: once the major trend is established, it’s very difficult to reverse easily in the short term. Currently, shorting indeed requires caution. I wonder at what price level those friends holding short positions are now trapped?
From the current market situation, the longs entered above 88,700 have already reached around 92,700, which is a 4,000-point gain. Honestly, such a profit justifies the holding costs over this period. If you still want to participate in Bitcoin's subsequent waves, there might still be opportunities tonight. What does everyone think?
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SchrodingerWallet
· 23h ago
The brothers who are shorting probably have a big headache now, haha.
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GateUser-75ee51e7
· 01-05 12:03
This 4000-point profit is indeed tempting, but I still think it's time to take profits.
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RugpullSurvivor
· 01-05 06:57
Once again, the "touch 90,000 and it drops" curse has been broken. The bears should wake up.
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CryptoCross-TalkClub
· 01-05 06:48
Laughing out loud, friends who are shorting are probably doing deep squats now
The curse of hitting 90,000 and then dropping has finally been broken. This time, the crypto circle comedy club needs to change its skits
88 to 92, four thousand points given for free, such happiness is a bit sweet
Shorting? Brother, you're just asking for trouble
In the face of trends, going against the trend with a counter-position is just paying tuition to the exchange
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LiquiditySurfer
· 01-05 06:45
88700 that wave is indeed tough, short sellers are probably soaking in ice water right now, haha
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MEVHunter_9000
· 01-05 06:38
Haha, friends who are shorting are probably bleeding heavily now. Don't fight the trend.
Bitcoin's long position strategy at the key level of 88,700 finally broke the previous cycle of "dip below 90,000 then decline." This wave of market movement is quite strong, and traders following the long side recently should have gained quite a bit of profit.
However, some people have recently asked me, with such a long holding period and the market remaining so resilient, whether it's still possible to short? My view is: once the major trend is established, it’s very difficult to reverse easily in the short term. Currently, shorting indeed requires caution. I wonder at what price level those friends holding short positions are now trapped?
From the current market situation, the longs entered above 88,700 have already reached around 92,700, which is a 4,000-point gain. Honestly, such a profit justifies the holding costs over this period. If you still want to participate in Bitcoin's subsequent waves, there might still be opportunities tonight. What does everyone think?