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Now I've shorted comfortably. At the craziest time in the market, we quietly took profit on the long order near the 116,000 resistance and took the opposite position to short.
A bunch of newbies who have just started trading coins for a few months gave me a lot of guidance, but last week they cut their losses at the lowest point and then chased the high point again last night. If you can see through the secrets and make big money, everyone is making money, who is losing? Is the dog trading losing money?
As an old investor, there's nothing else but a stable mindset. I have advised everyone more than 113,000 times not to chase shorts, but to look for more rebounds. I mentioned that if it rebounds to 115,000 or 116,000, then take the opposite position to short. I also posted this in the public group, and everyone saw it.
The only downside is that this time Bitcoin only rebounded to 115,700. I'm wondering if it can push up a bit more, maybe fake a breakout at 116,000 to lure in buyers. I think it would be a good opportunity to take the opposite position again, just waiting to see if the market gives a chance.
Currently, ETH is relatively strong because two ETH micro-strategies, BitMine and SBET, are competing for the lead and buying continuously. However, the performance of other coins is quite normal. Trade patiently; big opportunities will always come!