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"Bankrupt" trader James Wynn has confirmed in a post that he closed his Bitcoin short position 5 days ago and is optimistic about a rebound, expecting it to rise to the $97,000 to $103,000 range before dropping again, with a possible low of $46,618. Previously, he went long with 40x leverage and is currently sitting on a 77% unrealized profit.
He has accurately warned of declines twice before, though the drops did not reach his predicted targets.
With well-known traders frequently voicing opinions and aggressively using leverage, how should investors rationally respond to market divergences and volatility to seize potential opportunities?
($10×20x leverage)