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Unbelievable! Wake up to find Bitcoin has broken past its previous high? Is a bull market coming? Let’s take a quick look.
1. First, let’s talk about the current situation: Bitcoin has broken out, should we chase it? My answer is: no, it’s too risky! Because many of BTC’s top formations are false breakouts of double tops, with risks outweighing rewards. So what should we do now?
2. Actually, we can consider small altcoins catching up. Small coins often lag behind Bitcoin’s gains for a period, sometimes even forming altcoin seasons. So, for stability, it’s a good idea to consider small coins’ catch-up moves. Which coins should we choose?
3. Hey, without a doubt, it’s Trump coin! Trump will hold a Trump coin party at Mar-a-Lago on April 25th, where many big names will gather. This coin is expected to strengthen before the 25th. Shuqin told everyone about this two weeks in advance. We’ve been accumulating at 2.8, now it’s at 3.0. I’m still holding, waiting until the 25th to see what happens. No rush until the rabbit appears.
4. Shuqin believes most people have already allocated Trump coins. If you haven’t bought yet, consider a slight dip to buy some. Don’t buy at the top; buy on dips. Near the 25th, sell at the top.
5. As for Bitcoin, I discussed the possibility of a double top in US-Iran negotiations in my Monday video and Tuesday update. As shown in the chart, I mentioned again early this morning that it might reach 78k, while I originally said 75k. Trump really Tacoed it—rising 4,000 points in just one morning!
6. But given Bitcoin’s current momentum, I just cut my position in half on a short at 7.82. I’ll see if it reaches a higher point near 80k before shorting again. I’m not afraid of the rise because we hold a large Trump coin long position as a hedge. When BTC rises, our Trump coins catch up and profit more.
7. Also, Shuqin said yesterday at 76.5k to short a bit, and last night it dropped to the support zone at 75k—very perfect. Then early this morning, Trump might Taco again, and I shorted at 78k. Following the market trend, we can make good profits. Stay in sync with the market and operate in real-time every day!