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Trader CryptoCapo: Bitcoin's Frenzy is Evident, Reversal is Just a Matter of Time, Most Altcoins in Downtrend
Summary: Trader CryptoCapo stated in his community that since the ceasefire in the Middle East on June 22, Bitcoin has shown strong momentum. Some altcoins are catching up, but most are still clearly in a downtrend, forming lower highs. Traditional markets are showing signs of weakness, possibly forming a top. The frenzy around Bitcoin is evident, ...
Trader CryptoCapo stated in his community that since the ceasefire in the Middle East on June 22, Bitcoin has shown strong momentum. Some altcoins are catching up, but most are still clearly in a downtrend, forming lower highs. Traditional markets are showing signs of weakness, possibly forming a top. The frenzy around Bitcoin is evident, with a belief that a reversal is just a matter of time. Currently, all my short positions are in a loss. Fortunately, the leverage used is very low, so even if I am liquidated, these positions do not represent all my net assets. They are strategically established positions to validate my market judgment and serve as a hedge against potential 'black swan events' - although this idea may sound crazy now, the possibility still exists.
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Link: Trader CryptoCapo: Bitcoin's Frenzy is Evident, Reversal is Just a Matter of Time, Most Altcoins in Downtrend [Copy]
