There are always greedy people who think they can go even higher! Little do they know that they have reached the end of their strength, and it is the season for reaping!
I can't understand the continued pump of Bitcoin, what are the reasons driving it to keep rising? I think this is a false rise, there is no volume compared to last year!
The future trend I envision! BTC is very likely to reach its peak at several daily charts and then drop sharply. As for other altcoins, they may not reach their highs again, that's right, I'm talking about ETH!
The current market is obviously in a longs trend, and it is not recommended to blindly short. If the price is between 95000 and 97000, and there is a clear stagnation or a high pullback, accompanied by a decrease in Trading Volume, you can consider Light Position Short!
I suggest everyone, either long or short, don't be wishy-washy. I've seen many big brothers being killed in a bull-bear fight, and ended up being killed instantly.
If BTC can once again break through the pressure of 92000, it may continue to rise to 95000 or 100000. However, if it fails to break through effectively in the short term and shows signs of a volume-driven decline at high levels, there may be a round of adjustment.
It is recommended to reduce position at the current high level of BTC, there is a pullback pressure in the short term, and consider buying at a lower level. Consider reducing position at 88,000 to 89,500. Consider taking back at 78,000 to 80,000 when the trading volume shrinks.