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Trader CryptoCapo: Bitcoins enthusiasm has already emerged, and it is only a matter of time before a reversal occurs. Most altcoins are on a downward trend.
Odaily News Trader CryptoCapo posted in his community: “Since the ceasefire in the Middle East on June 22, Bitcoin has continued to show strong momentum. Some altcoins have begun to catch up, but most are still in a clear downward trend and forming lower highs. Traditional markets are showing signs of weakness and may be building a top.
The enthusiasm for Bitcoin has already emerged, and I personally think that a reversal is only a matter of time.
Currently, all my short positions are in a loss position. Fortunately, the leverage used is very low, so to the disappointment of some people, I have not been liquidated yet. Even if I am liquidated, these positions are far from representing my entire net worth. They are positions I strategically established to verify my market judgment and as a hedge tool for possible black swan events - although this idea sounds crazy now, this possibility still exists.
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