Watching the big pump of BTC, that shorting fren has been silent for three months.


In a bull market, everyone around is shouting "This time it's different!" My programmer fren resolutely engaged in shorting with his precise algorithm, but ended up silent for a whole three months during the big pump. The biggest shock this event gave me is that in the crypto world, purely looking at technical indicators is not as important as understanding market sentiment.
Later, I managed to avoid a few major liquidations thanks to observing a few "market thermometers":
· Long-short ratio: When this ratio exceeds 70% of people going long, the market often reaches a short-term peak. This is because everyone who wants to buy has bought, and there is no new capital to drive it.
· USDT Premium Rate: This is a barometer for the inflow of off-exchange funds. If the premium rate is negative, it indicates that there are more sellers of U, and funds are flowing out, so caution is advised.
· Fear and Greed Index: When the index remains above 90, entering the "Extreme Greed" zone, it's my reminder to take profits in batches.
Understanding these, you will realize that there is nothing new under the sun. When the festive banquet is about to end, there will always be some signs. #BTC #ETH #GateioInto11 #DOGE #GT
BTC-0.28%
ETH-2.19%
DOGE-1.9%
GT-2.66%
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