The cryptocurrency market is an extreme game of emotions and funds! Nothing else is as important as capital and emotions; it's not that complicated if you think it through.
I think this way and act accordingly. During this period, based on capital data, my main focus has been on shorting altcoins, and I'm still holding without taking profits. Yesterday, I also seized the opportunity of the interest rate cut to implement a high short strategy for mainstream assets.
The next step is to view this round of decline that started last night as a rapid drop, and leveraging the negative impact of Japan's interest rate hike to cultivate retail investors' short-selling sentiment and train the bears. Therefore, my plan is that after this rapid decline, I will gradually take profits on short positions, pause for a few days to observe the market, and not pursue breaking the major resistance. After approaching the low points of the past two weeks, whichever altcoin short position accelerates its decline will take profits one after another.
