Killa: Crypto Market May De-risk After Midterm Elections

Renowned trader Killa stated that Bitcoin is unlikely to hit new lows again and is currently maintaining a long position. After the U.S. midterm elections, the market may exhibit de-risking behavior, making it unsuitable to establish hedge short positions prematurely. Historical data shows that Bitcoin's performance is generally weak after the elections in each U.S. midterm election cycle. If Bitcoin continues to rise before the elections, traders can decide whether to take action based on price trends as the midterm elections approach. He believes a reasonable strategy is to continue holding long positions and observe market reactions before and after the midterm elections, considering whether to establish hedge short positions rather than shorting based solely on historical cycles.

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