98K flat! Can BTC still fall? WLFI crashed, is it a good time to short now?

Guys! The recent dip in the crypto market has been so intense! Brothers who are flat at 98K are all panicking: will it continue to fall next? WLFI just collapsed, is it a good time to follow the trend and short? Today, Shuqin will talk to everyone in plain language, sharing honest thoughts!

First, look at BTC. It has now retraced to around 95K, right near the support level. Honestly, chasing shorts at resistance is really unwise; Bitcoin is more likely to rebound at this point. So when is a good time to short again?

Personally, I would choose the strongest resistance levels to enter! For example, near 98K or the previous high at 97.5K—once it reaches these levels, I’ll short a bit. Why choose these? Because major resistance levels usually need testing two or three times. The first short is very safe, the second has a good chance of success, but if it pushes higher a third time, it’s better not to short anymore to avoid getting caught.

Yesterday afternoon, I told everyone not to rush into a rebound; the downtrend might not be over yet. At that time, BTC was at 97.5K, and I successfully shorted at 95.2K. Now the target has been reached! To be cautious, wait until it returns near 97.5K before shorting again. If it hasn't reached there, just watch; once it gets close, I’ll take action. Set take profit and stop loss in advance. If it breaks slightly, quickly stop loss. This way, the risk-reward ratio is more favorable.

Let’s also talk about WLFI and ZEC, these two “big fools.” They rose sharply before, now they’re directly hitting the top and falling! I’ve been bearish on WLFI all along. I even added to my short position earlier. Now I’ve taken half of the profit. If it rebounds strongly again, say to around 0.18, I’ll short again. The remaining position will be held according to the original plan until the end of January, waiting for the activity to finish, and I might make some more profit.

Finally, I must remind everyone: the Federal Reserve’s interest rate meeting is getting closer! Those holding long positions, take profits at high points quickly—don’t be greedy for that 100K level. If you miss the chance, all your previous gains could be wiped out, and you’ll suffer big losses! The same applies to shorts—don’t try to short at the very top. Enter in batches, and aim for a good average price. The C-wave decline later will definitely be rough; breaking previous lows is just the beginning. Once the main players finish offloading their chips, it will be time to act. Everyone, get prepared in advance!

#币圈行情 BTC #WLFI ZEC #加密货币 Investment Strategy