Bitcoin hits 79,000, but I'm reducing my position

Honestly, it takes courage to post this headline. Everyone in the group is shouting "breaks 80K," "rushes to 100K," and if I say reduce my position now, I will definitely be scolded.

But trading has never been about making money where there are many people.

After Bitcoin surpassed $79,000, I did three things:

First, lowered my contract leverage from 5x to 2x. Not because I’m bearish on the future, but because the volatility at this level isn’t suitable for high leverage. Geopolitical-driven market moves have a characteristic: they come quickly, and reverse just as fast. Any slight change in the Middle East ceasefire negotiations can trigger a sharp reaction.

Second, my spot holdings haven’t moved. My BTC spot position has been held since 2023, experiencing big waves. I only reduce my futures positions, not my spot holdings. Long-term positions are for riding through cycles; short-term positions are for hedging risks.

Third, I set two lines. Take partial profits above 80k, and cut all losses below 77,500. I don’t participate in the fluctuations within this range.

Many people think trading is about predicting rises and falls, but that’s not it. The essence of trading is managing your greed and fear. When the whole market is shouting "it’s stable," that’s often the most dangerous time. When everyone is saying "it’s going to zero," spring might just be around the corner.

Today, I didn’t place any bets on Polymarket. Because I think the odds for "BTC reaching 80,000" are already fairly priced. I’m waiting for a moment when market sentiment cools down before re-entering.

In the end, the most important thing is that surviving in this market is a thousand times more important than making quick profits. Instead of betting on a breakout at 80,000, think carefully about what you will do after the breakout. $BTC

Are you chasing longs today, or like me, reducing your position? Feel free to share your real trades—don’t just shout slogans. The Polymarket prediction link is on the activity page; participating could win you a $1,000 reward.

#比特幣突破7.9萬美元