Recently, the Bitcoin and Ethereum markets have experienced a small upswing, rebounding from previous lows to new highs. The current market sentiment is optimistic, but the biggest concern is: when to take profits and how to avoid the risk of a high-point pullback?
1. Short-term Catalyst: Trump Crypto Summit
At 2:30-6:30 am Beijing time on March 8th, Trump will host a cryptocurrency summit, and the market generally believes he may discuss the strategic value of Bitcoin and crypto assets. This news has already driven up market sentiment, with some funds positioning in advance.
2. BTC Short-term Resistance Level: 94,000-95,000
Bitcoin is currently approaching 93,000, and 95,000 is the previous high resistance level, which is expected to face significant selling pressure. Therefore, in the short term, investors can gradually take profits around 94,000, especially leveraged funds can take the lead in exiting and locking in profits.
3. Key Window for Short-term Profit-taking on Summit Day
If the summit news meets market expectations or fails to exceed expectations, the market may see a pullback after "digesting the good news". Therefore, Friday evening (around the summit) is a relatively safe time for short-term exits.
Of course, if Trump releases unexpectedly positive news at the summit, such as clearly supporting Bitcoin as a strategic reserve asset, the market may see a new rally. But for short-term traders, taking profits at high levels is still a relatively stable strategy.
4. Altcoin Strategy: Wait for Opportunities
Compared to BTC and ETH, Altcoins have only seen a mild rally so far and have not experienced a significant breakthrough. These coins are more dependent on the stable rise of mainstream coins, and once BTC corrects, the decline of Altcoins may be greater. Therefore, Altcoins that have not yet stabilized can continue to be observed and wait for better entry opportunities.
Followin' the current market environment, short-term operations are indeed very necessary. If you just wait for the spot to rebound, you may feel the torment of time. Dongchen has also been working hard on ultra-short-term and on-chain meme operations recently, and the results have been good.
Dongchen only does things he is confident about, averages 1-2 trades per day, and will decisively take action on targets he is sure about, and will absolutely not take action without full confidence. As the saying goes: Dongchen is not easily triggered, and when he is triggered, he will grasp it!
Level 2:
In the past two days, Dongchen judged that there would be a relatively corresponding rebound in Level 2, and yesterday afternoon Dongchen also seized the opportunity and decisively pushed a hand of SUI spot short-term fluctuations, and has now taken profits!
Level 1:
Today, Dongchen sent a wave of benefits to the friends in the circle, allowing the partners to experience the VIP one-on-one service treatment, and successfully led the old brothers to take 5 times the profit!
DD, the biggest hot spot yesterday, VIP bottom entry, up to 15 times profit!
The day before yesterday EAGLE, up to 7 times!
The day before that pwease, up to 60 times!
The brother below said he was a bit miserable in Level 2, and asked me to take him to play Level 1 so he could earn some money to join VIP. Dongchen won't say much else, but since the brother spoke up, he must be arranged!
To thank everyone for their support all along, Dongchen will share some quality spot and on-chain projects in the future, hoping to bring returns to everyone, and also hoping that everyone can achieve their goals early!
Last but not least, there are actually a lot of things that haven't been written in, such as specific opportunities and specific decisions. These things are often not something that can be summarized in an article.
If you want to know more about the wealth code, or have any doubts, follow the public account: Caijing Dongchen
