Bitcoin suddenly pumped 7%, this rebound came quite strong. However, looking at it calmly, chasing short positions now might not be the best time.
The market has a clear time window - expectations of interest rate cuts. The golden opportunity for shorting is actually 1-3 days before this key point; why rush now? Today, at the previous low double bottom position, it was actually a good opportunity for a long position. Although in the end, it missed by a few points, the thought process is there, and as long as the direction is right, that's what matters.
Think from a different perspective, every rise before a rate cut is actually a good thing. Why? Because it provides a higher short entry point. What we fear most is that the short position is too low, the profit margin is compressed, and the risk actually increases. So the current strategy is very simple: let the bullets fly a little longer, and wait for the market sentiment to fully release.
If you want to take a more aggressive approach, you can first set up some long-term short positions to test the waters, and leave the remaining positions to add before the interest rate cut. It's about entering the market in batches, where you can attack when the opportunity arises and defend when necessary. However, if you already have high-position short positions in hand, then there's no need to panic — the chips arranged at last month's high point are now a holding advantage.
The matter of interest rate cuts deserves enough respect; even if the entry price is a bit lower at that time, it's acceptable. These past few weeks have been following the logic, and what needs to come will eventually come, so just patiently wait for that ultimate moment.
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Bitcoin suddenly pumped 7%, this rebound came quite strong. However, looking at it calmly, chasing short positions now might not be the best time.
The market has a clear time window - expectations of interest rate cuts. The golden opportunity for shorting is actually 1-3 days before this key point; why rush now? Today, at the previous low double bottom position, it was actually a good opportunity for a long position. Although in the end, it missed by a few points, the thought process is there, and as long as the direction is right, that's what matters.
Think from a different perspective, every rise before a rate cut is actually a good thing. Why? Because it provides a higher short entry point. What we fear most is that the short position is too low, the profit margin is compressed, and the risk actually increases. So the current strategy is very simple: let the bullets fly a little longer, and wait for the market sentiment to fully release.
If you want to take a more aggressive approach, you can first set up some long-term short positions to test the waters, and leave the remaining positions to add before the interest rate cut. It's about entering the market in batches, where you can attack when the opportunity arises and defend when necessary. However, if you already have high-position short positions in hand, then there's no need to panic — the chips arranged at last month's high point are now a holding advantage.
The matter of interest rate cuts deserves enough respect; even if the entry price is a bit lower at that time, it's acceptable. These past few weeks have been following the logic, and what needs to come will eventually come, so just patiently wait for that ultimate moment.