Currently, the S&P and Nasdaq are both standing at the gate of previous highs, and whether they will break through or pull back may be revealed soon, with potentially significant market volatility once a direction is confirmed.
Bitcoin is even more "aggressive" - continuously attacking, without even a decent pullback, making it difficult to find an opportunity for a low-entry. Combining the current strength of US stocks, my most likely scenario is: Bitcoin creates a false breakout, generating extreme long-side bait, and then immediately sells off.
Such trends are not uncommon in the crypto, and old traders have stepped into these traps. My strategy is simple: only short when a false breakout fails and the price falls back to key levels, taking no action if it doesn't fall back, and must see a downward signal.
If it doesn't even attempt a breakout, it indicates a direct weakening, so I'll follow the original plan and wait for it to drop to the target level, preparing to build positions in batches in August. There's a potential ETF approval window in October, so I'll keep some ammunition, which might catch the next major upward wave.
If you're feeling lost in the crypto, you might consider joining me in positioning and harvesting from market makers! You can join the community without threshold via WeChat+QQ group, obtaining market analysis, individual coin recommendations, and positive news.....
