bunancesquare

$BTC surges past $121K as traders brace for a fresh all-time high wave.
$SOL and $XRP jump in tandem, hinting at a new altseason brewing.
Crypto Twitter’s chanting one thing: “The bull is officially back!” 🐂
#bunancesquare
#createrpad
#btcupdates2024

---

Be very careful! The Bitcoin trap may be quietly approaching...😶🤔🤔🤔😶
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?#WriteToEarnUpgrade
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.#WriteToEarnUpgrade
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.#bunancesquare
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.#bunancesquare
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.
#bunancesquare