Family, we did it! The Iranian blitz has ended, will $BTC continue to rise? Let's take a look.
1. The hype around the Iranian conflict has ended, and Bitcoin has welcomed a huge rebound as expected, soaring back from 63,000 to 68,000. It dropped back before, and now it’s rising back just as it fell. So is it time to buy the dip or short it?
2. Looking at Bitcoin's current trend, it is still consolidating within this range, oscillating between the bottom of 63,000 and a bit above 70,000. Now that the price has rebounded again, I think there's no need to chase it higher. Since we could enter at 63,000, why should we buy in at a higher 67,000? You agree, right?
3. So my current strategy is to take profits on the spot we bought yesterday at a high, and then look to short Bitcoin near 70,000 with low leverage, as there is still significant resistance here. To prevent any unexpected surges in the market, I will choose to enter my short positions in batches at 70,000 to 72,000, which is safer.
4. Because after all, it’s still a bear market, and no matter how high the rebound goes, it will eventually drop again. Even if we get temporarily stuck, we will ultimately come down holding low leverage, so I don’t think there’s anything to worry about. I’m actually more worried that it won't go up, making it hard for me to short this big profit again. 🤣
5. When Bitcoin crashed yesterday, Shu Qin advised everyone not to short at the support of 63,000, but instead to buy some spot at the bottom. I had orders at 60,000 and just above 63,000, but I didn’t buy in fully; I bought a portion, and I’m quite happy with that.
6. So today, the Iranian conflict really ended as we said, very quickly, and the market has also reversed, successfully executing the TACO trading strategy. Congratulations to those who followed Ben Qin’s operations~ 🥰
1. The hype around the Iranian conflict has ended, and Bitcoin has welcomed a huge rebound as expected, soaring back from 63,000 to 68,000. It dropped back before, and now it’s rising back just as it fell. So is it time to buy the dip or short it?
2. Looking at Bitcoin's current trend, it is still consolidating within this range, oscillating between the bottom of 63,000 and a bit above 70,000. Now that the price has rebounded again, I think there's no need to chase it higher. Since we could enter at 63,000, why should we buy in at a higher 67,000? You agree, right?
3. So my current strategy is to take profits on the spot we bought yesterday at a high, and then look to short Bitcoin near 70,000 with low leverage, as there is still significant resistance here. To prevent any unexpected surges in the market, I will choose to enter my short positions in batches at 70,000 to 72,000, which is safer.
4. Because after all, it’s still a bear market, and no matter how high the rebound goes, it will eventually drop again. Even if we get temporarily stuck, we will ultimately come down holding low leverage, so I don’t think there’s anything to worry about. I’m actually more worried that it won't go up, making it hard for me to short this big profit again. 🤣
5. When Bitcoin crashed yesterday, Shu Qin advised everyone not to short at the support of 63,000, but instead to buy some spot at the bottom. I had orders at 60,000 and just above 63,000, but I didn’t buy in fully; I bought a portion, and I’m quite happy with that.
6. So today, the Iranian conflict really ended as we said, very quickly, and the market has also reversed, successfully executing the TACO trading strategy. Congratulations to those who followed Ben Qin’s operations~ 🥰