Should I say the market is currently in shambles or that won't highlight properly the current state of the market?
Every news currently seems to be bearish for BTC and with this, it is better to start shorting Bitcoin. The bear market is coming fast with the end of this Q1 beginning the start and this aligns with my strategy of shorting BTC.
Shorting Bitcoin? Probably if you're a day trader, or a swing trader, but if you're a position trader, I don't think that shorting would be a good thing to do.
Just for context, we aren't in a bear market this quarter, and probably not on the whole year of 2025. I'm not saying that we will not though because who knows, but the sentiment around the market is bullish despite the bearish movement that is currently happening right now. My bias might change though if Bitcoin broke the current support of $89,000.
I am considering taking advantage of exchange trading events. Its benefit is that my losses remain the same while my profits are even bigger with the prize pools attached to these events.
What do you guys think about the market and using exchange trading events to gain more? If you have an exchange trading event with a good prize pool you can also recommend it.
Taking advantage of these events would be good, but only if you're an experienced trader. Newbies can't take advantage of it, but it will be the opposite. These events are meant for everybody to get attracted including newbies. Newbies who don't have any knowledge about trading. These events can indeed make you more money aside from the profits that you earn through trading itself, but also take note that the chances of you losing money would be higher the lesser the experience you have.
The only ones that can take advantage of these kind of events are those experts out there who are using huge amounts of money just for trading.