Bitcoin Contract Trading Review of the Trump-Musk Dispute

This is my second time writing a review. The first time the time span was a bit long, mainly because the market direction was unclear, so I couldn't find a suitable time to open a position. This time, the Trump-Musk dispute gave me the opportunity to enter the market.

Yesterday, when $BTC was falling, I mentioned that I was going long. At that time, I placed my first order at $105,500, but I didn't get filled. I was quite worried because, in my logic, the market had already experienced a Trump-Musk dispute, and there was a certain expectation that the drop wouldn't be too significant. Since I didn't get filled, I raised my order to $105,775, and just as I got filled, the price continued to drop.

At its lowest, it almost broke below $105,000, but I didn't think it was a big deal. I also wrote in my analysis that Musk was quite passive this time, and Trump wouldn't easily back down for the sake of his approval ratings. Moreover, Musk's SpaceX and StarLink both require support from the U.S. government.

What Trump fears most about Musk is not the public disputes or supporting a new party, but switching to the Democratic Party. This is Trump's bottom line, and clearly, Musk hasn't crossed that line. More importantly, although both the Senate and the House of Representatives had narrow victories, the overall direction should be fine, and passing legislation is highly probable. Therefore, for Trump and the Republican Party, they only need to make minor adjustments to maintain consensus.

So I believe this drop is short-term, and it's highly likely that it will return above $107,000 within 2-3 days. Unexpectedly, it came back today, and I just took profits at $107,620, closing 80% of my position.

Why not wait for the U.S. stock market to open?

The U.S. stock market opening is a variable; new information may be released. If it's positive, a $500 increase for Bitcoin isn't a big deal, but if it's negative, BTC could likely retreat to around $106,000. So for me, holding onto the position didn't seem worth the risk, which is why I took profits on 80%.

The remaining 20% will still yield profits if it rises tonight, and if it doesn't perform well, I've already reduced my margin and locked in profits. Even if it doesn't go well, I will just earn a bit less.

After taking profits, my net profit exceeded $8,800, which is four times my initial capital of $2,000. Earning four times in three months isn't too much, but this is my trading logic.

PS: This is just a small fund's contract judgment on direction; my main position is still in spot trading. The risks of contracts are very high, and I prepare for significant losses every time I open a position.

This post is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。