1. As shown in the picture, history is repeating itself. The last Bitcoin peak began a sharp decline with a double top, rebounding for two months before starting a second crash after a false breakout. Will it be the same this time?
2. I think the possibility is very high. Bitcoin relies on consensus and follows a cyclical pattern every four years. Each time, there are people saying this cycle is different, but afterwards, the market punishes every player who does not adhere to the rules.
3. The most direct proof is that various global assets, whether U.S. stocks, precious metals, or even the Chinese A-shares, have surged, but the cryptocurrency market has continued to weaken. This itself is a sign of decline. When U.S. stocks start to correct and consolidate, the decline of $BTC may exceed expectations.
4. So those with positions, remember to exit at highs. If there is a second peak, you can add some short positions. As shown in the figure, I personally shorted $100,000 near 98,000, opened two positions, and took profit on the short-term position at 95,000, but I have been holding the long-term position all along. I do not pursue shorting at the very peak; let's look at the results in a month or two.
5. The long position is the long position, and this does not affect our short-term operations. Every time we reach a resistance level, we can short one hand. Recently, we went short on #BTC near 98,000, shorted 0.185 on $WLFI and 450 on $ZEC . All coins were shorted at the top; this is not luck but experience and effort. Every day, I seize two opportunities to open a position, carefree.
