Let's briefly analyze the idea to avoid misunderstandings.



First, the bear market isn't over yet. Bottom-fishing for altcoins is because many altcoins are already close to their lows, especially high-quality ones. If they drop further, the big players are reluctant to give away cheap chips. Conversely, worthless altcoins won't be cared about by the big players no matter how much they fall.

Second, if the goal is to continue the bear market, the current market is mostly bearish. After such a long period of panic, there aren't many people willing to buy the dips. The short positions above haven't been liquidated for a long time, missing a major rebound.

So, the logic of bottom-fishing for altcoins is:
Hold spot or double the position at the bottom, and if there's a big rebound, high-quality altcoins will definitely surge.
If the bear market is truly slowing down, it can usually be seen in the market, so the probability is quite low.

After the Christmas market, regardless of the outcome, we need to exit because January is likely not to see rate cuts, and there's not much hype, plus there might be negative news.

The best expectation is that after Christmas, foreigners' liquidity recovers, then a rally occurs, altcoins close their positions, and we go short on ETH. Then, in January, no rate cuts, and various negative news follow, causing a crash that pushes ETH to 2200.
ETH1.03%
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100UsdBravelyVentureIntoThevip
· 7h ago
The worst-case scenario is a sudden drop, wiping out our principal protection losses. Anyway, we can't lose.
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