It's not recommended to chase long positions at the 76,000 level for Bitcoin anymore, as there is no cost-performance advantage, and it might be better to wait on the sidelines.



First, this is a previous high level, which definitely has significant selling pressure, and Ethereum has not kept up with the pace; Bitcoin is clearly showing strong upward momentum.

Second, the strategy's cost basis is at 75,600. Being trapped for two months and continuously adding positions at the bottom to lower the average price, a large amount of inventory must be sold to consolidate funds.

Third, there are rumors about Google's quantum computer cracking Bitcoin's encryption by the end of March. Whether true or not, it's best to remain rational now.

So, around 76,000, you can consider shorting once, even if it's just a small scalp, which is acceptable. After all, you're not a fool or blindly shorting.
BTC1,2%
ETH2,33%
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