How to make money by doing long and short Bitcoin

Longing and shorting are two ways to profit from predicting Bitcoin price movements. Going long means buying Bitcoin and selling it when the price rises, while going short means borrowing Bitcoin, selling it, and buying it back when the price falls. Specific operating methods include: going long - buying and holding Bitcoin until the price rises and then selling; going short - borrowing Bitcoin and selling it immediately, and buying the same amount of Bitcoin to repay the loan when the price falls. As the price falls, Buy less and make a profit.

How to make money by going long and short in Bitcoin

Being long

Being long means buying Bitcoin in anticipation of an increase in the price of Bitcoin. When the price rises, you can make a profit by selling your Bitcoin.

Short selling

Short selling means selling Bitcoin in anticipation of a fall in Bitcoin price. When the price drops, you can make a profit by buying Bitcoin.

Specific operation method

Go long:

• Buy Bitcoin: Buy Bitcoin through an exchange or broker.
• Hold Bitcoin: until the price goes up.
• Sell Bitcoin: Sell Bitcoin when prices are high and realize profits.

Short:

• Borrow Bitcoin: Borrow Bitcoin from an exchange or other lending platform.
• Sell Bitcoin Immediately: Sell immediately after receiving the borrowed Bitcoin and you will get the equivalent cash value.
• Buy Bitcoin when the price drops: When the price drops, buy the same amount of Bitcoin to repay the loan.
• Return borrowed Bitcoin: Use the Bitcoin you just bought to repay the loan. As the price falls, the number of Bitcoins bought is less than the number previously lent, thus profiting from the difference.

Notes

• Market Analysis and Judgment: Before going long or short, you need to carefully analyze the market and judge the Bitcoin price trend.
• Risk control: The Bitcoin market is highly volatile, and strict risk control measures need to be formulated, such as setting stop loss and take profit points.
• Fund Management: Allocate funds reasonably to avoid over-investment.
• Choose a platform: Choose a reputable exchange or broker to ensure the safety of your funds.

Bitcoin Price Rise: Recent Movements and Outlook

As of 18:00 on July 17, 2024, Bitcoin (BTC) is trading at $65,306, with a 24-hour trading volume of $383 billion. Bitcoin prices rose 3.2% over the past 24 hours.

Factors Behind Price Movements

The recent rise in Bitcoin price has been attributed to multiple factors, including:

• Increased Institutional Investment: Large institutional investors continue to include Bitcoin in their portfolios, which shows a growing interest in digital Trust in assets is growing day by day.
• Positive Technical Indicators: Bitcoin’s price chart is showing bullish signals such as the formation of higher highs and higher lows.

Future Price Trend Analysis

Based on current price trends and fundamental indicators, the price of Bitcoin is expected to continue to rise in the short term. However, it is important to note that the cryptocurrency market is highly volatile and price movements can change unexpectedly.

Recommended Actions

For investors looking to take advantage of volatile markets, consider the following advice:

• Invest carefully and only invest money you are willing to lose.
• Do your own research and learn about the Bitcoin market.
• Manage risk carefully and place stop loss orders.

Short-term trend prediction

Without any surprises, Bitcoin price is expected to continue rising in the short term and may test higher levels.

Indicators

• Price: $65,306
• 24-hour trading volume: $383 billion
• Market cap: $1.28 trillion
• Circulation: 19.72 million Bitcoins
• Maximum supply: 21 million Bitcoins
• Total supply: 19.72 million Bitcoins

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