This week I saw new records in both the S&P 500 and NASDAQ 100. While these milestones are impressive, I was hoping Bitcoin would join the party with new highs alongside these indices.
Bitcoin’s Stubborn Resistance
Bitcoin just can’t seem to break through that 110-112k level. This area is currently acting as strong resistance, and it’s been frustrating to watch. I believe once this level finally breaks, I could see a significant green candle due to a potential short squeeze.
My Approach to All-Time Highs
Regarding new stock purchases: I’m not a fan of buying when markets are at all-time highs. I’m more the type of investor who waits for everything to be red and there’s panic in the market.
Those are my favorite days – when fear dominates and opportunities emerge. That’s when I actively look for new positions.
What I’m Doing Now
In moments like these, with markets hitting records, I focus on analysis and monitoring. I’m updating my watchlists, reviewing fundamentals, and preparing for the next opportunity.
The market will give me buying opportunities again. It always does.
Remember: This reflects my personal investment approach and market observations. Everyone has different strategies and risk tolerances.
