HIgh edge long opportunity.Its been a while waiting for trade opportunity.
Reasons for the trade:
Fundamental analysis: First of all, we are in the bull cycle of the crypto market which is 4 years a time after bitcoin halving, in which the latest halving was in May 2024. Second of all, we seeing the first economy country (US) gradually decrease its interest rate, which just in yesterday the chinese government release its finance treasury decision saying they are also entering a economy stimulus status by issue up to 325 billion of bond. Thus, there is definitely hypes to expect in the next 6 months.
Technical analysis: Since the last having of bitcoin, the price having been gradually decrease for about 5 or 6 months which seem to be a retracement as i assume they are consuming the selling pressure to acummulate more underlying asset for the bull run. Therefore, the current price level is extremely good for a high rick reward ratio trade.
Note that the price of bitcoin has reach its all time high since the last bull run in which all the alt coins havent. By pick all these high cap alt coin, higher returns can be expected. The current market cap share of bitcoin is 60% which i expect its adjust to 40% before the end of 2025.
Eth is the leading alt coin, thus 3x leverage are used in the inverse perpetual market to maximise the return. This trade can be hold until the first quarter of 2025. However, the us election and its federal rate release in November could affect this decision. Lets see.