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Recent Bitcoin market movements are really frustrating. A couple of days ago, I shorted at around 91,000, but the price soared all the way up to 94,000. Luckily, my position size wasn't large, so I didn't lose too much. Today, it dropped again, and this constant fluctuation makes it hard to get a clear picture.
Recently, I heard an interesting statement — the US government claims it won't actively buy Bitcoin but will hold those confiscated Bitcoin assets and not sell them in the long term. It sounds lofty, but essentially, it's just a fancy reason to hold them, isn't it? This operational logic is indeed worth pondering.
The current question is, is there still a chance for an increase this month? When will the price drop back below 50,000? If it really falls to that level, I’d love to buy in heavily. But before that, we still need to see the true direction of the market clearly.