I have been bearish for more than a month recently, and I haven't dared to take action, always waiting for the opportunity to bottom fish and go long. As for the reason I am not shorting, one is that I have no control over the extent of the rebound, and the second is that I am bullish on the market in the future; shorting would affect my rhythm, and also, shorting is a short-term move that I am too lazy to execute.
Gold and silver are falling, and many people are looking for news; some say hawkish Waller was nominated as chairman, and others say large institutions are closing positions. The actual reason is what I have been saying for the past few days: they have both reached their peak, and are just squeezing the shorts; the hype has been consistently exposed for over a week, which is already quite impressive. If this level of exposure were applied to Bitcoin, it would only take a day or two before a crash would happen. However, this extent is indeed quite similar to that of cryptocurrencies 😂, especially silver, which is not inferior to altcoins. This also precisely indicates that Bitcoin's current scale is not large enough, the price is not high enough, and there is still a lot of room for growth; $300,000 is not a dream!!
The bottom-fishing targets I am sharing today are only 4: $AAVE , $SUI , $APT , and uni. Aave has potential positive news, with non-protocol income dividends. Sui follows the market, with volatility better than most coins. Apt will boast, it's the kind that always boasts, waiting for it to take off. Uni is the unique leader. Now the altcoins are correcting, so be patient.