FED meeting in 5 hours time, hoping we can see a pump in the market but part of me has a bad feeling. Fingers crossed.
A defensive position is the best thing to do if it is not certain that the asset estimate will fall but This is the performance of the market when it is waited for, it actually goes down when it is left and not monitored, the price moves quickly, whatever the reason, I think the public is currently waiting for the price to move up and the main focus is of course on BTC.
If it is not certain then why be defensive at all? Although indeed that it is still better to be prepared in any situations. Anyways, yeah that the more we wait or expect, the more it can screw us. It is like there are people who watch us and mess with us. Maybe it is a good idea to do some faking? It is about time for us to screw them, hehe.
I think there are more people that expects that the price will rise if the price drops massively. Now at this very moment, the price had dumped but I think not too much. So, maybe a lot are expecting for it to drop more but that is good because that might give us an opposite move instead. Afterall, I think all still want an increase the most.