How to view BTC? I’m looking at it with glasses, this thing doesn’t move between 115-120. If you sell at 108, the spot market has no risk-reward ratio, whether it goes down to 10 or rebounds to 115 next week, the risk-reward ratio is actually 1:1. If you see below 10, selling now is still at a high point; just buy and hold. Whether it's a bear market or a bull market, if you've made several times your investment, it's fine to withdraw some positions. The captain withdrew part of his position at 120K and won’t return to the crypto market (he went to the stock market), so my mindset is good.
Regarding the crypto market, I have one opinion: it’s a market driven by funds, the safety net has been pulled away, and it’s not worth going all in. If you have 10 million, just play with 300-500K (to fantasize about getting rich). BTC shouldn’t be considered part of the crypto market until after the ETF approval.
From my perspective, I don’t think BTC has entered a bear market; I’m quite stubborn. For the current BTC, I prefer to treat it as asset allocation rather than speculative trading.
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