What should I pay attention to when I triple short on Bitcoin (Bitcoin triple long rule)

What should I pay attention to when I triple short Bitcoin? What should I pay attention to when I triple short Bitcoin? This article will introduce how to conduct transactions

According to CoinGecko data, the Spot market price of Bitcoin is $9280, which is about 50% lower than the historical high of the spot exchange. In the bull market in March, driven by the influx of a large number of sellers into the Cryptocurrency market, the price of Bitcoin fell to below $9000. However, with the rise of the price of Bitcoin in recent months and the increase of Bitcoin contract positions, its value is also growing Despite recent extreme market conditions such as the global stock market crash, Federal Reserve interest rate cuts, and large-scale liquidation of hedge funds, Bitcoin has become a noteworthy investment target. However, various uncertain factors have emerged in the market, and investors may worry about whether their portfolio assets will further decline Therefore, the triple long position of Bitcoin can effectively use these two key indicators to determine the market situation: Bitcoin has been fluctuating in the past month, with high volatility and relatively flat price trends; Bitcoin futures contracts have been consistently in a negative premium state over the past week, and a considerable number of retail investors have chosen to be bearish; In addition, some analysts believe that Bitcoin may experience a significant pullback (as shown in the above figure). This trend is inevitable – if Bitcoin drops by more than 60% to 90% or even more from its current level, it will lead to more losses; The reverse is also true – even in such a market situation, investors will lose a lot of profits, thereby affecting their own returns; Additionally, due to the limited trading depth of Bitcoin, it is difficult to predict the direction of price changes in the coming days. Therefore, in terms of operation, it is recommended to prioritize short-term investments and supplement long-term investments, as the risks of short-term investments largely depend on the size of your position; For large funds, it is recommended not to follow the trend of rising or falling, and to do a good job in risk control; At the same time, it is important to consider setting a good stop loss position

Bitcoin Triple Long Rule

According to the standard consensus sentiment index, the market sentiment is currently good. The latest data shows that the current price of BTC is around 8780 US dollars, with a 24-hour decline of 5.74%. Among the top 10 currencies in market value, 9 have risen, 1 has remained flat, and 6 have risen; The top three gainers were BSV (+13.82%) and LTC (+11.84%), with BCH experiencing the largest increase; The top ranked companies are XLM (+9.67%), ETC (+14.73%), and XRP (+3.60%). It is worth mentioning that according to the traditional financial trading model, investors need to follow the rule of triple long when they are long, but this does not comply with the rules of Bitcoin trading. Therefore, we can approach BTC in the way of “making money by doing too much”.