Recently, many people have asked me: For Bitcoin right now, should we get in, add to our positions, or wait for a pullback?
I'll get straight to the point: Whenever Bitcoin pulls back, just go short. At the moment, I can only say there is no positive news. Even if there's a rate cut in December, it would just bring us back to previous expectations. The most crucial point is that even with Nvidia’s perfect earnings report, it couldn't stop the stock market decline. And Bitcoin is still strongly correlated with the US stock market. So my view is to go short!!! You can keep shorting until it’s clear who the next Fed chair is. If it's someone appointed by Trump, then you can go long. Trump definitely won't burst this bubble. #Gate广场圣诞送温暖 $BTC
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Bitcoin Current Trading Advice:
Recently, many people have asked me:
For Bitcoin right now, should we get in, add to our positions, or wait for a pullback?
I'll get straight to the point:
Whenever Bitcoin pulls back, just go short.
At the moment, I can only say there is no positive news. Even if there's a rate cut in December, it would just bring us back to previous expectations. The most crucial point is that even with Nvidia’s perfect earnings report, it couldn't stop the stock market decline. And Bitcoin is still strongly correlated with the US stock market.
So my view is to go short!!! You can keep shorting until it’s clear who the next Fed chair is. If it's someone appointed by Trump, then you can go long. Trump definitely won't burst this bubble.
#Gate广场圣诞送温暖
$BTC