Article

Whale “sets 10 major targets first”:BTC If it falls below 79,000 USD will gradually close long positions; if it quickly surges to 100000 USD it plans to short nearby for hedging

According to BlockBeats,September 25, whale “sets 10 major targets first” (@jasonleo) posted an update on its Bitcoin trading strategy, stating that during this cycle,BTC from 58,000 USD it had firmly set its sights on 100,000 USD from the beginning of the rebound from the bottom, but after unsuccessfully attempting to identify the top midway through, it missed out on a substantial portion of the profits. Its currently held long positions have a combined entry price of approximately 78,000 USD.

Regarding subsequent operations, JasonLeo stated that if BTC falls back below 79,000 USD, it will begin closing the long positions in batches; if it rises rapidly to 100,000 USD, it will consider establishing partial defensive short positions in the 98,000 to 105,000 USD range to hedge against the risk of a weekly-level correction. If BTC holds above 108,000 USD on the daily chart, the short-position strategy described above will become invalid.

If BTC does not surge directly, but instead undergoes substantial trading within the 80,000 to 100,000 USD range, it will consider taking defensive measures in the 115,000 to 125,000 USD range.

Original article link https://m.theblockbeats.info/flash/368906