The market has maintained high-level fluctuations over the past week. This overall approach is sound, with good shorting opportunities on each retracement. Yesterday, I emphasized continuing to look for short positions at higher levels, and the market indeed confirmed this judgment—when US stocks slightly decline, Bitcoin follows suit with a drop, and the rebound momentum is clearly insufficient.
From a technical perspective, Bitcoin's target range is focused on 85,000-84,000. If it breaks below this, look toward around 80,000. The short positions I hold have been held for nearly two weeks, and there’s no reason to exit now; continue to hold.
Different cryptocurrencies show significant variance, with SOL experiencing the most notable decline, dropping about 20%, while BTC and Ethereum have fallen more moderately. Ethereum shows good resilience and has performed relatively well in the short term, resisting declines.
It is recommended to focus on weekly-level opportunities for mainstream coins. Medium- to long-term positioning can yield substantial returns. Avoid frequent high-leverage trading; controlling the pace is more valuable than chasing speed.
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LadderToolGuy
· 8h ago
The short position hasn't been closed for two weeks. How significant is this experience? Feels like either making a fortune or losing it all.
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LiquidityWizard
· 8h ago
The short position has been held for two weeks and still hasn't been closed. My mindset is incredible; I don't have that kind of patience, haha.
SOL has fallen so badly, but luckily I didn't go all in.
Mainstream coins on the weekly chart are indeed worth watching; it's much more stable than chasing highs every day.
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ser_ngmi
· 8h ago
The short position hasn't been closed for two weeks, and this wave is indeed stable. The way SOL has been dropping is a bit outrageous, it feels like there's some impulsive selling involved.
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CodeAuditQueen
· 8h ago
Did you hold a short position for two weeks without closing? This guy is even more patient than me, but to be honest, people who frequently use leverage are basically just contributing gas fees to the exchange.
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not_your_keys
· 8h ago
Short position hasn't been closed for two weeks, hands are clenched tight
SOL's drop is outrageous, I've already lost my chips
Ethereum can still hold, this resilience is impressive
The market has maintained high-level fluctuations over the past week. This overall approach is sound, with good shorting opportunities on each retracement. Yesterday, I emphasized continuing to look for short positions at higher levels, and the market indeed confirmed this judgment—when US stocks slightly decline, Bitcoin follows suit with a drop, and the rebound momentum is clearly insufficient.
From a technical perspective, Bitcoin's target range is focused on 85,000-84,000. If it breaks below this, look toward around 80,000. The short positions I hold have been held for nearly two weeks, and there’s no reason to exit now; continue to hold.
Different cryptocurrencies show significant variance, with SOL experiencing the most notable decline, dropping about 20%, while BTC and Ethereum have fallen more moderately. Ethereum shows good resilience and has performed relatively well in the short term, resisting declines.
It is recommended to focus on weekly-level opportunities for mainstream coins. Medium- to long-term positioning can yield substantial returns. Avoid frequent high-leverage trading; controlling the pace is more valuable than chasing speed.