Why has Bitcoin been shorted at high prices?

To short Bitcoin at high levels, you can use derivatives tools such as futures or CFD. 1. Understand futures and CFD contracts. 2. Choose counter-buying, arbitrage or spread short-selling strategies based on expectations. 3. Manage risks, understand leverage, set stop losses, and monitor the market. 4. Select a broker, deposit account, and create a short order. Note: Bitcoin prices fluctuate greatly, and short selling involves high risks. You need to fully understand and make a plan.

How to continue shorting Bitcoin at high levels

Straight to the point answer:

Shorting Bitcoin at high levels can be done by using derivatives instruments such as futures or Contracts for Difference (CFD).

Expand the answer in detail:

1. Understand derivative instruments

• Futures: Standardized contracts that provide for the purchase and sale of a specific amount of an asset at a specific price on a specific date.
• CFD: Contract trading that allows traders to speculate without owning the underlying asset.

2. Choose a short-selling strategy

• Counter-buying strategy: Expect the price to fall, sell futures at a high level or go long CFD.
• Arbitrage Strategy: Open long and short positions simultaneously to profit from asset price differences.
• Spread Trading: Buy and sell futures contracts in different contract months or different OTCs to take advantage of price differences.

3. Manage Risk

• Understand Leverage: Derivative instruments often offer leverage, but be wary of the risk of over-leverage.
• Set Stop Loss: Set automatic stop loss orders to limit potential losses.
• Monitor the market: Pay close attention to market dynamics and news and adjust strategies in a timely manner.

4. Execute transactions

• Choose a broker: Choose a reputable broker that provides derivatives trading services.
• Deposit account: Deposit funds into the trading account as a trading margin.
• Create an order: Create a short order on the broker platform based on the selected short strategy.

Note:

• Bitcoin prices fluctuate violently, and short selling involves high risks.
• Only trade after fully understanding the potential risks and developing a clear trading plan.
• Consider seeking professional financial advice to understand your personal risk tolerance and investment goals.

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 increasing 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.

Indicator

• Price: $65,306
• 24-hour 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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