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Recently, the Crypto Assets market has shown a strong rising momentum, with Bitcoin prices hovering around $119,000. However, a trader known as a "genius" DS has put forward a different view. He suggests establishing short positions near $119,100, setting the stop loss at $119,200, and targeting a price level of $118,000.
DS emphasizes that traders should follow market trends rather than over-predict. He calls on investors to remain cautious and follow market movements instead of blindly making predictions.
It is noteworthy that the market capitalization of Bitcoin has surpassed that of the e-commerce giant Amazon, and the total market capitalization of the entire Crypto Assets market has also reached a historical high. This milestone breakthrough has attracted widespread attention from the market.
At the same time, institutional investors' interest in Bitcoin is also continuing to increase. According to reports, large investment institutions such as Strategy are accumulating Bitcoin, showing confidence in this digital asset.
On the policy front, Trump recently proposed new Crypto Assets policies that could have a significant impact on the market. In addition, there are reports that the Federal Reserve is considering including Bitcoin in its reserve assets. If this move comes to fruition, it will bring more institutional recognition to Bitcoin.
Despite the overall optimism in the market, DS's cautious attitude reminds us that it is equally important to maintain rationality and vigilance in investments. Whether going long or short, it should be based on in-depth analysis and risk management.