Numbers go up, that is what BTC always have done and most probably will continue to do. Finally, today ETF was approved, a historic day for BTC. Price action was relatively peaceful, but it didnt go down too much, only enough to get longs liquidated. Personally, I would not advice to long or short. Just pick coins that you think perform well. When you have a good profit, and expect the coin to drop, take some profit. To long or short is only something you do when you can afford the risk of having major losses.
BTC will continue to rise in price in the coming weeks, at least that is the most likely scennario.
Most BTC investors expect BTC and the most important coins to rise in the next months.
There will be an major event again in spring 2024: the halving, which means less new coins arrive at the market, and the demand will just keep improving. Halvings are therefor bullish events. This event and the aftermath of the ETF approval will probably push BTC to higher grounds.
When you don't want to invest too much time in crypto, but you do want to enjoy its profits, BTC and ETH are the best options. Then you can take a look at your wallet once a week.
Otherwise, when you want to take more risk and profit from alt coins which are known to have higher daly gains, you can choose coins like LDO, PERP, SKL, AAVE, LINK, FET, ARB, PEPE, and ENS. But when you earn a proft fpr 30% in a few days with one of these, you might want to step out or swap to a new coin. Volatility goes both ways. Investing in Alts means you'd better check your portfolio a few times a day at least.
BTC will continue to rise in price in the coming weeks, at least that is the most likely scennario.
Most BTC investors expect BTC and the most important coins to rise in the next months.
There will be an major event again in spring 2024: the halving, which means less new coins arrive at the market, and the demand will just keep improving. Halvings are therefor bullish events. This event and the aftermath of the ETF approval will probably push BTC to higher grounds.
When you don't want to invest too much time in crypto, but you do want to enjoy its profits, BTC and ETH are the best options. Then you can take a look at your wallet once a week.
Otherwise, when you want to take more risk and profit from alt coins which are known to have higher daly gains, you can choose coins like LDO, PERP, SKL, AAVE, LINK, FET, ARB, PEPE, and ENS. But when you earn a proft fpr 30% in a few days with one of these, you might want to step out or swap to a new coin. Volatility goes both ways. Investing in Alts means you'd better check your portfolio a few times a day at least.