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BTC has surged to this level, and everyone is starting to perform “I told you so—it’s a bull market.”
Get ready. Start running.
The divergence between price and volume has already become very clear: the higher it goes, the smaller the volume, and inside the market it’s only that small pool of existing funds propping each other up.
How many times have we heard “interest rate cuts are coming” this year?
Liquidity hasn’t really shown up at all—last bull market was the Federal Reserve using a water hose to pour water into the market; this time, even the faucet hasn’t been turned on, and they’re already daring to shout that the bull is back?
Or are you just watching for a fake breakout? If I’m wrong, I admit it—then I’ll start entering short in batches.
First target: 74000. When it reaches that, cut half. Second target: 72000. Cut half again. If it breaks below 72000, hold the remaining position and watch for 68000.
At this point, the shorting payoff odds are better than going long. If it’s right, you eat the profits. If it’s wrong, set a stop-loss and lose 2%.
Go long, then? If it’s right, you make a few points from the breakout; if it’s wrong, you may end up eating a whole round of waterfall decline.
$BTC went short on the initial position, add at 79500 and 80500, stop-loss at 82000$BTC