Phyrex
Phyrex|7月 16, 2026 17:35
Another exhausting day, but bitcoin:native performed pretty well today. Especially after the Nasdaq continued to drop over 1%, Bitcoin didn’t crash like it was on laxatives—it’s still hovering around $64,000. I can’t confidently say Bitcoin’s bottom is $60,000, but I’ve emphasized countless times that the buying power at $60,000 is very strong. Personally, I’ve been buying between $59,000 and $63,000. Recently, it’s still a good time to trade dual coins. Buying low at $62,000 can yield about 10% profit, and selling high at $66,000 can bring around 20% profit. My average cost is now below $62,000, so I’m still in a comfortable zone. But if Bitcoin’s price exceeds $67,000, my interest in bottom-fishing will fade—I’ll just stick to selling high. Spent the whole day shorting SKHYUSDT today. I’ve explained the logic behind it, so if you’re interested, feel free to check it out. My shorting strategy is mainly based on SK as the benchmark and ADR as a reference. As long as SK is dropping and ADR isn’t rising, I’ll keep shorting. If ADR starts to rise, I might consider closing my shorts, but I’m not thinking about going long for now—especially since more people are becoming aware of Korea’s issues. Someone also asked me today whether WTI is still worth shorting. They wondered if Trump’s strike on Iran means it’s time to close positions. My answer aligns with WTI’s current trend: after Trump TACO’d, this level of news barely causes significant market fluctuations anymore. My $82 WTI and $86 Brent positions have been sitting there for days without hitting the target. Stay calm. But make sure your margin is over $100, just in case. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform
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